I think currently the price is preparing to break down the pink trendline, but, before it, it should reflect from the purple global trendline. The temprorary target now is ~ $5950-6100.
In my opinion, It's a low probability that 6400 level was the finish line of the downtrend, because of classical market cycles graphs, the new low should be lower than previous (6000), so I expect, thet after 6000-level reseistance we'll go even deeper.
In my opinion, It's a low probability that 6400 level was the finish line of the downtrend, because of classical market cycles graphs, the new low should be lower than previous (6000), so I expect, thet after 6000-level reseistance we'll go even deeper.