Currently, from the daily chart perspective, it is still in a sideways consolidation trend. The support is around 116000, and as long as it does not effectively break below 115000, the bullish structure will not be damaged, and there will be further upward movement. Breaking through the previous high is just a matter of time.

On the hourly chart, MACD has formed a golden cross, indicating a short-term stabilization after a decline. Enter long at 116500 with a stop loss around 115000.

On the weekly chart, last week's candlestick showed a long upper shadow bearish candle. Currently, the bearish forces are still strong. In the next 1-2 weeks, it should remain in a sideways consolidation pattern. As long as it does not break below 112000 in the larger cycle, the bullish trend is not broken, and the pullback can continue to enter long.