The current price is rising without volume under the pressure of previous formations, and the trend is awkward. Most K-lines near MA250 have long upper shadows, indicating obvious small-scale selling pressure.

If you want to go long, there is no obvious solid support at the current position; it's like a rootless grass swaying in the wind, with great uncertainty. It is only recommended to consider when there is a significant price drop. Those who like to sell high should patiently wait for the price to reach the previous high of this level.

From the 1H and lower levels, MACD shows divergence, and the moving averages and K-lines have not yet indicated a signal to fall. However, since it is operating under large-scale pressure, the rise is also very slow and awkward. If it does not reach a high, it will not trigger a sharp drop, but due to the lack of a solid foundation before the rise, I personally do not consider long positions. I only suggest that everyone be cautious of a sharp drop after a rise to the previous high and consider buying low after a sharp drop. Relevant points of reference are as follows:

Short-term resistance 108790~110164, short-term support 104033~103472 (watch the market for quick entry and exit), second support 99998.98~98531 (can be placed).

Summary: Taking the lower part of the big bullish candle on the 23rd as the base point, the short-term is still a safe period, and there is no need to worry about a large drop. The current price range to 110,000 is just a return to oscillation, and it does not produce a new direction; several waves of adjustments are still needed before a new upward segment.