Yesterday's price formed support at the 105,000 level as expected and completed a breakout action, reaching a high of around 106,400, which aligns with the previous high challenge prediction. However, it experienced a technical pullback due to short-term profit-taking pressure. Although there was a brief breakout, the close did not stabilize, indicating strong selling pressure in this area, and a secondary volume breakout is needed to confirm its validity. The current pullback remains within the 105,000-106,000 oscillation range, reflecting a normal technical correction after the breakout, without damaging the short-term bullish structure.
From a technical analysis perspective, the current market exhibits a choppy consolidation pattern. The daily chart shows the price holding steady at the middle Bollinger band, but frequent long lower shadow bullish candles indicate strong support below, yet increasing divergence between bulls and bears, necessitating caution regarding potential pullback risks. The four-hour chart shows the price continuously testing the upper Bollinger band, with consecutive bullish candles accompanied by significant upper shadows, reflecting strong selling pressure above. Overall, after experiencing prior gains, the market is facing profit-taking pressure; it is recommended to adopt a range trading strategy in the short term, primarily focusing on buying on dips. Consider buying near 105,500 and holding firmly above 105,800.
Suggestions are for reference only; market fluctuations are difficult to predict. Regardless of how well you grasp the market situation, please strictly implement profit-taking and stop-loss strategies.
The beauty of fate lies in its infinite variables, making it always elusive. Do not expect life to be full of excitement; it is only through 95% of ordinary moments that we can polish 5% of classic moments. When walking alone, do not look back; understanding loneliness means it can also be a unique flavor.
(This content does not constitute investment advice or recommendations; please view it rationally, establish the correct mindset, and enhance risk awareness.)