The corrective scenario is valid only if the $89,308 support zone is fully mitigated. After a single liquidity sweep into this level, we anticipate a bullish retracement targeting the $106,225 price range, where sell-side liquidity is expected to be tapped. Following this, a bearish continuation toward the $84,000 zone is likely.

If the $89,308 support zone remains unmitigated and the $101,195 resistance zone is fully cleared, the probability of revisiting lower levels becomes invalid for now.

That said, considering the current market structure and order flow, the bearish scenario appears more probable, but confirmation is still required.

What’s your perspective on this?