After a brief consolidation, Bitcoin experienced an upward trend in the afternoon. The buying pressure was strong, and the price broke through previous resistance, reaching around 106,300. Our long position target of 105,500 at noon successfully gained over a thousand points.

From the 4-hour chart, a large bullish candle significantly broke through the upper limit of the consolidation range, breaking the recent stagnation and indicating a strong short-term buying momentum. If the price can hold above the high of this bullish candle or continue to close positively, the upward trend is likely to continue, with targets looking towards key resistance levels above. Conversely, if it falls back to the middle or lower part of the bullish candle, it indicates weakness in the upward movement and may return to consolidation or even test support.

This breakout bullish candle is the result of several days of consolidation, showing accumulated momentum. The market may experience a slight pullback before continuing the upward trend. In terms of strategy, it is recommended to look for support to go long during the pullback.

In the afternoon, Bitcoin may pull back to the range of 105,000-104,500 before continuing upward, with a target near 107,000.