1. Technical Overview & Structure
Medium-Term Correction: Following its rally to a historic peak above the 5,500 zone earlier in the year, price action has been carving out a corrective descending channel capped by a clear downward trendline.

Volume Profile & Support Cluster: A heavy concentration of High Volume Nodes sits in the lower range around 4,000 – 4,140, establishing a rock-solid structural demand zone and multi-month accumulation floor.

Wedge Compression: Price is compressing into a tightening wedge pattern near key historical support, displaying classic signs of seller exhaustion and setting up a potential bullish breakout.

2. Key Price Targets (Fibonacci Projections)
Short-Term Target (4,425 – 4,534): Aligned with early Fibonacci retracement/extension hurdles, acting as the initial resistance test on a breakout.

Medium-Term Target (4,700 – 4,888): Corresponds to higher structural extension levels as bullish momentum builds.

Long-Term Target (4,900+): Aligned with the upper trend projection, representing a full resumption of the macro bull trend toward previous highs.

3. Risk Management
Invalidation Level / Stop Loss: A decisive breakdown below the 3,950 – 4,000 structural support zone would invalidate the reversal scenario and signal a deeper continuation of the correction phase.