The last few days played out exactly as expected.
Support didn’t hold.
No bullish engulfing.
No acceptance reclaim.
Just lower highs, weak bounces and continuation down.
This is why we wait for confirmation, not hope.
Price is now trading below the 2.1k region, which was the last major short-term support. Once that cracked, downside liquidity was obvious.
Trend is still down on HTF.
This move is distribution resolving, not a surprise.
Calling for caution early wasn’t bearish, it was risk management.
2.0k–1.9k: psychological + liquidity magnet.
~1.75k: first serious HTF demand.
~1.4k and 900: true generational zone if panic accelerates.
No hero longs.
No “it’s cheap” narratives.
Capital stays patient and selective.