Bear Case: Bears next goal is to push the price below the crucial 5900 level and sustain it there to secure bearish momentum. Successfully breaking and holding below 5900 would set the stage for targeting the next significant level at 5770, which is essential for continuing the bearish drive and gaining further market control.

Bull Case: Bulls have successfully maintained the price above the psychologically significant 5900 level. If  price encounters resistance and fails to advance, it remains critical for bulls to hold above 5900 to position themselves for potential new all-time highs.

Bear Case: Bears are currently defending within a supply zone, aiming to push the price below the crucial 5900 level and sustain it there to secure bearish momentum. Successfully breaking and holding below 5900 would set the stage for targeting the next significant level at 5770, which is essential for continuing the bearish drive and gaining further market control.

Bull Case: Bulls have successfully maintained the price above the psychologically significant 5900 level and are now challenging the upper boundaries of a supply zone. To continue their upward trajectory, bulls need to break through this zone effectively. If the price encounters resistance and fails to advance, it remains critical for bulls to hold above 5900 to position themselves for potential new all-time highs.

Bear Case: Bears are currently focusing on the pivotal 5900 level, aiming to break below and sustain it to reinforce their bearish momentum. Achieving this breakthrough is crucial for continuing the downward trend, with the next significant target positioned around 5770. This level is essential for bears looking to deepen the market’s decline and secure a stronger bearish position.

Bull case: Bulls face the task of maintaining the price above the 5900 pivot to unlock further upward potential. Holding this level is critical for sustaining bullish control. If they manage to defend this position successfully, the next challenge will be to break into and surpass the upcoming supply zone starting at 6007, which could pave the way for more substantial gains in the near future.

Bear Case: Bears need to decisively break and sustain the price below 5900 to initiate genuine bearish momentum. If they manage to achieve this, the next critical target would be 5706, marking a significant milestone for a strong bearish movement. These steps are crucial for bears aiming to reverse the current upward trend and instigate a deeper market correction.

Bear Case: Bears have successfully managed to keep the price below the all-time highs and are now challenging a potential demand zone. Their immediate objective is to breach this zone, with the next target set at 5706. To sustain bearish momentum and encourage further declines, bears aim to maintain control and keep the price below 5840, a critical threshold in their strategy.

Bull Case: Bulls are currently positioned within a possible demand zone that they are actively defending to stabilize the price. To capitalize on upward potential, bulls need to break through and consistently hold above the 5840 mark. Achieving this would allow bulls to drive the market toward further highs, continuing their push for upward momentum.

Bear Case: Bears have successfully dismantled the demand zone established last week, shifting their focus to further bearish objectives. The next critical step involves pushing the price below and sustaining it beneath 5723 to amplify their bearish momentum. This move is crucial for bears as they aim to deepen the market’s downward trajectory.

Bull Case: Bulls face the challenge of maintaining the price above 5770, a level where a significant demand zone has been recently formed. Successfully defending this level is vital for sustaining bullish control. If this support holds, bulls will aim to breach and secure positions above 5900 as a stepping stone towards achieving new all-time highs, continuing their upward market drive.

Bear Case: To establish a bearish momentum, bears need to decisively break and maintain the price below 5810. Successfully achieving this could pave the way to target the next crucial level at 5770. These steps are essential for bears aiming to reverse the current market trends and instigate a significant downward movement.

Bull Case: Bulls continue to excel in creating and reinforcing demand zones. A new potential demand zone has been identified starting at 5836, which could play a pivotal role if the market retraces. Maintaining support at this level is crucial for bulls to harness and continue their push towards setting new all-time highs, underlining their dominant market presence.