Currently, the major coin is consolidating and building momentum within the range of 105300-105800, with the short-term pattern showing a 'W' bottom followed by a test of the upper edge of the fluctuation.
From the hourly chart perspective, the recent low of 100305 constitutes effective support, followed by a consecutive rebound and returning above the middle band of the Bollinger Bands. The short-term moving averages (EMA5, EMA10) are showing a golden cross upwards, and the MACD momentum has turned positive, but it has not fully expanded yet, with the structure leaning towards a continuation consolidation.
Bollinger Bands are narrowing + moving averages are converging, indicating a potential change in trend;
SAR continues to show buy signals, but the price is under pressure around the 106000 level;
KDJ and RSI indicators are nearing overbought territory but have not diverged, still leaving room for upward movement.
Operational reference range (combined with technical data + chart patterns):
Current price: 105650
First target level 106200, second target level 106850, stop loss level 104950
