Based on the current market structure, price looks positioned to make a move toward the $6,700 level in the near term. This area appears to be the next resistance zone before we could see a potential pullback. If selling pressure increases at that level, a retracement back toward the $6,100 range is likely before the market builds enough momentum to push higher.

While technical levels give us a framework, it’s important to remember that economic conditions and major news events can change the picture quickly. Recent discussions around the Federal Reserve’s policy decisions, inflation concerns, and potential rate adjustments have all added volatility.

For now, the $6,700 level remains the immediate upside target, with $6,100 as the key support zone to watch. How price reacts around these levels will depend not just on chart patterns, but also on the broader economic and political backdrop.

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