The price has formed a descending channel and is currently trading within it. We observed a bullish retest toward the upper boundary of the channel. Following this, we anticipate a continuation of the bearish trend, targeting a level below 21,180. A 1-hour candle closing below this level would likely drive the price further down to 20,880.
For the price to transition into an uptrend, it would need to stabilize above the channel and break through 21,417 with a daily candle close.