Yesterday, after a strong surge in the price, the 4-hour chart entered a consolidation phase at the top.
This actually suggests that this round of increase has come to a temporary halt. Now that it's the weekend, I estimate that the market won't have much fluctuation, so we will focus on the top and bottom of the 4-hour consolidation range.
Once it breaks below the bottom, it will continue to pull back; only by breaking above the top can it continue to rise.
If neither the top nor the bottom is broken, it will remain in consolidation. For friends who like to do short-term trading, just trade around this top and bottom of 118800-106500, selling high and buying low.
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