The price is currently trading within a descending channel. A bullish retest has occurred toward the upper boundary of the channel. After this, we expect the bearish trend to resume, aiming for a level beneath 5,938. A close below this level on the 1-hour candle would likely push the price further down to 5,938.
To transition to an uptrend, the price needs to settle above the channel and surpass 5,997 with a closing 1-day candle.