Currently, although the 1-hour and 4-hour charts remain in a consolidation phase, the overall range is gradually trending downward, consistent with a corrective pullback trend.

For the weekend, we will temporarily refer to the 4-hour range of 117,000 to 120,000. During this period, if the rebound does not break above 118,400, it indicates a weak overall trend.

At the same time, in the hourly downtrend, there is no divergence in the range, and the RSI index has not triggered a short-term oversold zone, which also aligns with a consolidation downtrend.

On the daily chart, although the price is at the upper boundary of the range, maintaining an optimistic outlook, it has broken below the strong zone of MA7. If the price cannot rebound and break above 118,500, we need to prepare for the possibility of the price continuing to decline.

Especially after a downward breakthrough and accelerated correction on the 4-hour level, next week's amplitude reference should be the range of 114,500 to 118,000, which is gradually tightening.

At the same time, combining with the short-term daily CME futures gap near 114,300 to 115,790, it can mutually validate the temporary support position in this range.

Additionally, the Fibonacci level of 113,700 is a golden support level in this upward trend and can serve as an important key support reference.