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The daily chart is stuck in a tight range, with small candlesticks showing a back-and-forth consolidation, similar to the previous volatility baseline. Right now, the price action is tightening up, oscillating within a small range. The daily timeframe is waiting for a significant candlestick to break this stalemate and initiate a one-sided move, while the weekly chart still indicates a need for further adjustments. On the 4-hour chart, after facing resistance around 63900 during the rebound, the price has been slowly trending down below this level. The Bollinger Bands are starting to squeeze, indicating further compression of space. During this consolidation phase, it seems like we're building momentum for a breakout. Currently, the short-term outlook remains slightly bearish, and the plan for high shorts remains unchanged. The short-term targets are set at 63000 to 62200.
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