Such strong and round levels don’t easily give up. For example, last time the price stormed the level of 3500 for 3 months, and there were two strong (almost 10%) reversals.
Based on the previous observations, it is not impossible for the price to correct to 4000-4100.
From the fundamental point of view, this scenario can follow the anticipated statements by the Fed at the end of August and September about tightening monetary policy.
This content is for informational purposes only and is not intended to be investing advice.
