12-hour close is 3 hours away, 8-hour has already closed.

There is demand in the 12-hour chart, so it’s unlikely to fall much further.
Since there is demand in the 8-hour chart, the next 8-hour candle should still close green, which also aligns with the 12-hour closing situation.
So, at this point, we need to observe the supply and demand of the next 8-hour and 12-hour bearish candles. If the supply decreases slightly, the probability of a rebound is high. If the supply remains large, then further decline is expected.