The market is still in a volatile consolidation. The long bullish candlestick on August 22 drove the upward trend. Although there was a slight pullback on the 23rd, it did not break the previous low. On the 24th, there was a rebound, forming a strong consolidation pattern.

Looking at the 4-hour chart, the 4800 level has become a significant resistance area, where the price has repeatedly failed to break through, forming a double top. The market is hesitant at this position, lacking momentum for a breakthrough in the short term.

Although the MACD golden cross at the daily level is still valid, there is a top divergence on the 4-hour chart, indicating that the upward momentum is starting to weaken. The RSI is also somewhat weak, and there may be pullback pressure in the short term.

In terms of trading volume, although the volume was strong during the breakout on the 22nd, it has gradually shrunk, showing an increasing cautious sentiment in the market, with significant pressure around the 4800 level.

The price is still in a bullish structure, but it will consolidate around the 4800 level in the short term. If it breaks through 4800, the market is expected to continue rising; otherwise, it may pull back, and attention should be paid to the support situation below.