From the current market perspective, after a drop to the lower support last night, a slow upward movement has begun. With the evening US stock market closing, the price has broken the 120,000 mark again and is currently operating above the middle track, with the wave pattern continuing to rise. Until the 121,000 mark is broken, maintain box operations; if broken, follow the trend to pursue long positions, primarily focusing on low long positions.

On the four-hour chart, the Bollinger Bands are expanding upwards, and the price is consolidating under the pressure of the upper band. Bullish momentum is sufficient, with KDJ crossing upwards and MACD bullish volume increasing. Future operations can focus on the breakout situation above, while overall still maintaining a low position to go long.

118,000-118,500 for support, looking up at 122,000-124,000.