Positive signals (support the idea of reinforcement)

* The overall trend is upward (Uptrend): In both charts (daily and four-hour), we see that the price ($108,465) is trading above the exponential moving averages (EMA 7, 25, 99). This arrangement (the faster average above the slower one) is a strong signal for the continuation of the upward trend in the short and medium term.

* Positive momentum in the short term: On the four-hour chart (second image), the MACD shows a clear positive crossover and the lines are above the zero level, indicating strong buying momentum in recent hours.

* Good relative strength in the long term: On the daily chart (first image), the Relative Strength Index (RSI) is at 62.02. This is a healthy strength area indicating the continuation of the upward trend without reaching the overbought phase.

Warning signals (support the idea of waiting)

* Short-term overbought (Overbought): On the four-hour chart (second image), the Relative Strength Index (RSI) has reached 84.60. This is an extremely high overbought area, which may indicate that the price could be susceptible to profit-taking or a short-term downward price correction before continuing to rise.

* Potential weakness in the long term: On the daily chart (first image), the MACD is still negative (the blue line is below the orange line), despite the price increase. This may be interpreted as weakness in the upward momentum on the larger timeframe, and the price may need a slight correction to confirm its strength.

Summary:

* The overall trend is still strongly upward, and there is clear buying momentum that led to this recent rise.

* However, in the very short term, there are "overbought" signals that may make entering at the current price directly somewhat risky, as a slight pullback may occur to form a new higher low.

Your decision depends on your strategy:

* If you are a long-term investor and believe in the overall upward trend, reinforcement may be an option.

* If you are a short-term trader, it may be wise to wait for a slight pullback or a calming of current indicators (such as the RSI dropping below 70 on the four-hour timeframe) to get a better entry price and reduce risk.

Always remember that technical analysis is a helpful tool, and the market is volatile.

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