Pivot point: (3,530.00).

Preferred scenario: Entering short positions below $3,530.00, with $3,300.00 as an initial price target.

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Alternative scenario: If the price rises above the $3,600.00 level, you can enter long positions with $3,800 as a target My initial price.

Comment:
Prices declined after reaching the main resistance level of $3,800.00, and the selling pressure continued, causing prices to drop below the 20-day moving average around $3,600.00, which suggests that prices will continue to decline to the $3,300.00 level, so it is recommended to open short positions below the 20-day moving average. . On the other hand, a rise in prices above $3,600.00 cancels out the negative scenario, and in this case it is recommended to open long positions to target $3,800.00.