The 4-hour MA144 and MA169 moving averages are steadily propping up, with the price always trading above the two lines. The mid-term bullish structure is intact, and support around the 62,158 level is strong. Although the MACD briefly turned green and released some short-term selling pressure, there hasn’t been a deep bearish trend overall. The nearby upside resistance is at the 64,000 level. Downward, the moving-average supports are solid, leaving very limited room for further decline.



Long around 62,300, add/see 61,700 as the support/for a bounce; targets: 63,000, 63,800
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