VIX 75 1S Constant Volatility of 75% with a tick every 1 secondDERIV:VOLATILITY_75_1S_INDEXmr_pipcollectorPrice respected our previous bearish outlook by rejecting from the 5250–5300 resistance zone, confirming that sellers remain active at higher prices. The rejection has pushed price back toward the 5000 psychological support, keeping the market within its broader 4H range. Although buyers managed a brief recovery, they failed to establish a higher high, leaving the overall market structure tilted to the downside. The 5000 support level is now the key battleground. This area has repeatedly acted as support, making it a major liquidity zone. If buyers cannot defend it, the market is likely to experience an increase in selling pressure as long positions are forced to exit. The recent rejection from resistance also reinforces the idea that the rally was corrective rather than the beginning of a bullish reversal. Our overall bias remains **bearish** while price trades below the 5250–5300 resistance zone. The preferred scenario is a retest of 5000, followed by a decisive break below support. If sellers successfully reclaim control, price could continue lower toward the **4H Swing Low at 4635.85**, where significant liquidity rests. However, if buyers defend 5000 and reclaim the 5300 resistance with strong momentum, the bearish outlook would weaken, and a move toward higher resistance levels becomes more likely. Key Levels * **Resistance:** 5250–5300 * **Support:** 5000 * **Primary Bearish Target:** 4635.85 (4H Swing Low) **Bias:** Bearish below 5300. The market continues to respect resistance, and unless buyers reclaim higher prices, the path of least resistance remains to the downside.