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The recent 4-hour chart depicts a typical oscillating downward pattern. The highs are continuously decreasing, and each rebound is weakening, while the declines during corrections are becoming deeper—this is a classic sign of weakness.
Prices are fluctuating around the short-term moving averages MA5 and MA10, indicating serious disagreement among market participants. The frequency of pullbacks has noticeably increased, suggesting that the bears are accumulating momentum.
From a key zone perspective, the price is currently testing repeatedly within the narrow channel of $142-$144. The resistance around $144 is very solid, and the bulls are being suppressed upon contact. On the downside, the $141-$142 range forms a short-term support zone, but this support appears somewhat fragile—if it is effectively broken, it could trigger a new round of correction.