Hello friends,
Here is my two-cent on what I think will happen in the next few hours.
We are facing a fairly strong resistance around 62,000, which we must clear soon.
If we fail to break through the current resistance, then retracement may continue back to around 57,000, where we now have first strong support (based on the hourly chart).
If we clear the resistance, our next stop is somewhere around 65,000, which is the all-time high zone at the moment; a move past this point could take the bulls to around 75,000 or higher, setting a new all-time high.
Trade with caution; tread carefully.