From the current market situation, after the price fell to 104300 yesterday morning, the trend has been rising in a volatile manner. In the afternoon, the price broke through the previous resistance level of 106800 from the range. After breaking the range, the price has been rising steadily and has now returned to the level of 108800. The current trend is already very clear; although the strong resistance level of 108800 has not yet seen a substantial breakthrough, the bullish trend has become very prominent. If it can successfully break through this level in the future, the price is likely to continue rising to the level of 110000. Therefore, it is still recommended to focus on buying on dips in future operations.
From the four-hour candlestick chart, the opening of the Bollinger Bands is upward and in an extended state, and the MACD indicator shows that the bullish strength is continuing to strengthen. The price has now reached the resistance level of 108800, and the bulls seem to be accumulating strength in preparation for a breakthrough. In the short term, the bearish strength is relatively weak, and there are no signals indicating a price pullback, so it is expected that the bullish upward trend will continue. Therefore, it is still recommended for everyone to buy on dips in their operations.
In the morning operation strategy, buy directly between 107500-107000, with a target of 109500.