6.20 Morning Market Share
In the four-hour candlestick chart, the alternating appearance of bullish and bearish candles clearly illustrates that both sides are engaged in a fierce battle. Currently, the market has not been able to achieve effective breakthroughs at key positions both above and below, and a one-sided trend has yet to form. Although the price rebound is relatively slow, it has already begun to signal a bullish trend.
Switching to the 15-minute timeframe, we can see that the price has successfully broken through the middle band of the Bollinger Bands and is maintaining a state of oscillation near the upper band. Meanwhile, the opening of the Bollinger Bands is showing an upward trend, indicating that bullish strength is quietly accumulating and may soon launch an upward attack.
When the price retraces to the range of 103000 - 103850, one may consider going long, with an upward target looking towards 105000 - 106500.
