Market Analysis and Trading Reference

The current market maintains a high-level volatile pattern, with intraday price fluctuations in the range of 107000 - 108200, continuously testing key points. From the four-hour candlestick chart, the horizontal consolidation characteristics are significant, and the high-level short squeeze has consumed some bullish momentum, creating potential opportunities for bears. The current pullback can be viewed as a normal correction process for the market.

At the hourly level, price fluctuations continue to converge, and various technical indicators are gradually weakening, which further increases the short-term downward pressure on prices. However, since the key support levels have not been effectively broken, from an overall trend perspective, the market is still in a bullish dominant situation.

Trading Reference Idea: If the price falls to the range of 106300 - 107000, consider positioning for long orders at low prices, with target price levels to focus on 108500 - 109500. If inclined towards active operations, a light position can also be attempted at the current price level, but it is necessary to closely monitor market changes.

Special Reminder: The above content is only a discussion on market conditions and trading ideas based on technical analysis and does not constitute any investment advice. The market is ever-changing, and price fluctuations are influenced by multiple factors. Trading decisions should be made with caution and should consider your own risk tolerance while reasonably planning trading strategies.