After consolidating at a high level, the hourly chart has started to decline. Currently, it is in a rebound within the 12-hour rebound of the 2-day line, returning to the vicinity of the 6-hour EMA52. The 12-hour rebound is still not complete, but the 12-hour MACD has not formed a golden cross, instead showing an increase in bearish momentum. In the next 48 hours, if this situation does not change, the price will further decline.
From the daily perspective, it is still consolidating at a high level, with normal trading volume. The daily MA30 line maintains an upward trend, and the MACD shows an increase in bearish momentum above the zero line.
The daily MA30 line (115000) will be a recent support level; when it reaches this point, one can take a long position to catch a rebound.
Daily resistance levels are 120000-131700-150000, and support levels are 115000-112100-111265-101510
