From the perspective of the market data technical indicators, the daily chart shows that the recent price has formed a high point around 108000 and has retreated, currently in a fluctuating downward trend. The hourly chart has shown a series of bearish lines, indicating a lack of strength for a rebound in the short term, overall presenting a weak adjustment. The technical indicators on the hourly chart, DIF and DEA, are both below the zero axis, and the histogram remains negative, with short positions dominating; after the death cross of the MACD on the daily chart, it is diverging downward, indicating that there is still downward pressure in the medium term. The hourly RSI hovers around 50, with no obvious overbought or oversold signals, but the direction is weak; the daily RSI has fallen from a high position to around 43, showing a weakening market sentiment. The hourly EMA7, EMA30, and EMA120 are in a bearish arrangement, with prices repeatedly constrained by the EMA7; the daily EMA7 and EMA30 are about to form a death cross, with the support level of EMA120 around 107100.