The pancake successfully broke through 100,000 and set a new historical high!
From the hourly chart perspective, it is currently in a slight fluctuation state, and there may be a certain adjustment coming.
However, looking back at the previous trend, the steady slight rise has already shown strong upward momentum in the short term. The current slight fluctuation seems more like a brief rest during an upward movement, similar to pausing while climbing a mountain to gather strength for further ascent. As long as the key support level is not broken, the overall upward trend will not change.
On the 4-hour chart, the price has been fluctuating at a high level, yet the pullback strength is quite weak, with the K-line firmly rooted above the short-term moving average.
This indicates that the bullish force is quite strong, and the short-term moving average acts as a solid support point, firmly holding up the price, just as the bulls firmly control the battlefield while the bears are unable to reverse the situation.
Given this momentum, it is highly likely that the bulls will launch an attack again, further pushing the price higher.
