Type:
Bearish Drop

Key Levels:
Resistance:
174.35
Pivot:
163.80
Support:
154.30

Preferred Case:
Looking at the H4 chart, my overall bias for KC1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the support at 154.30, where the previous swing low is.

Alternative Scenario:
Price may head back up to retest the pivot at 163.80 where the 50% Fibonacci line is.

Fundamentals:
There are no major news.