COMPUSD Faces Bearish Reversal Amidst Market Consolidation

Price Analysis: A Strong Bullish Rally Peaked in Early December 2024, as COMPUSD Entered a Bearish Reversal.

COMPUSD Key Levels

Demand Levels: $68.00, $53.70
Supply Levels: $93.80, $112.70

However, as the price reached its major high, selling pressure intensified, leading to a significant decline in the daily RSI. This shift in momentum confirmed that sellers were regaining control, culminating in a bearish break of structure (BOS) and a transition into a consolidation phase.

Following the structural shift, COMPUSD has remained in a prolonged consolidation, reflecting a slight pause in the market. Given the prevailing bearish structure, the price has been testing key demand levels, with the critical $68.00 support zone under pressure. Recently, price action has shown early signs of a bearish breakout, with a slight breach below the $68.00 level. This development increases the probability of further downside movement as bearish momentum dominates.

In the 4-hour timeframe, the price action provides deeper insights into the market’s short-term trajectory. The breach of $68.00 is more pronounced, reinforcing the likelihood of further downside extension. However, the 4-hour RSI indicates a temporary rise in momentum, suggesting a potential short-term bullish retracement. This retracement will likely target the daily order block, where institutional sell orders could be triggered, leading to a renewed bearish continuation.

Market Expectation

As the $68.00 level comes under increased strain, a deeper bearish move remains likely unless buyers can reclaim lost momentum. It is advised to monitor the price reactions at the daily order block for confirmation of the next major move.

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