Technical background analysis

Four-hour chart:

The current price rebounded after testing the middle Bollinger band support (around 103800), indicating that there is capital defending the middle band;

MA(20) and MA(30) are flattening, showing signs of market stabilization;

MACD dual lines are hovering at a low position, with a golden cross expectation, and the energy bars are shortening, indicating the initial signs of a long signal;

The candlestick shows a significant downward shadow line, indicating a potential short-term rebound.

One-hour chart:

MA(5) is turning upwards and is expected to cross MA(10), indicating a continued short-term rebound trend;

Trading volume is moderately increasing, indicating that bulls are gradually entering;

Multiple supports have been obtained near the 104,000 level within the hour, building a bottom range.

Clarify long strategy

Suggested long entry range: 104,200 ~ 104,350 USDT

(This is the intersection point of the moving average support level and the dense trading area, providing low absorption value.)

First take profit level: 105,380 USDT

(Upon reaching a strong short-term pressure, a pullback may occur, conservative target)

Second take profit level: 106,430 USDT

(Close to the upper Bollinger band and previous high overlapping area, consider taking profits in batches)

Stop loss level: 102,000 USDT

(If this level is broken, the technical formation will be destroyed, and the long strategy will become ineffective.)

Operational suggestions

It is recommended to take a light position and try going long, watching the strength of support at 104200.

If the price breaks above 105000 with increased volume, consider adding to positions towards the target area.

Pay attention to capital flow and market changes to prevent sudden spike events.

Current direction summary

Today's direction leans towards a low long strategy, aiming for a short-term rebound.

Structurally possesses rebound momentum, and the trading volume is being repaired.

If the bulls break through the resistance at 105500, the target will be aimed at 106500.

Follow Mr. Ai, strategize in advance, and avoid blind trading!

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