The crucial level to watch for a potential breakdown is the en | DR Rann👨⚕
The crucial level to watch for a potential breakdown is the entire region around $44,000. That level marked a new higher low in the current structure and is the most likely level to support the markets if a further and broader correction occurs.
Aside from the $44,000 level, the next level of support can be found around the $40,500 area, as that’s the previous high. Overall, the market shouldn’t be dropping beneath $37,500, as that’s the final breaker before new lows are on the table.
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