In the daily chart trend, the price of the coin has successfully stood above the 100,000 price level, reaching a peak around 106,000. Currently, in terms of technical indicators, KDJ shows a golden cross and is in an opening state, while MACD is in a death cross convergence situation. Meanwhile, the coin price has successfully broken through the upper Bollinger Band resistance, and the VOL volume indicator shows a trend of gradual expansion. From the strength and weakness indicators, the 14-day RSI is around 75, and the 7-day RSI is around 81, slightly touching the overbought area, which may suggest that the consolidation phase is about to end. Overall, the current market mainly shows significant low-end buying activity near the support level, but attention should be paid to the possible spike phenomena when prices rise.

For the upward direction: The initial resistance level to pay attention to is around the intraday high of 106,658. If it breaks through further, the 110,000 integer level area should be monitored, but this requires a significant volume performance from the bulls to achieve.

For the downward direction: The key initial support level to focus on is near the 100,000 integer level. If it continues to fall, further support will be at around 97,488, where the 30-day moving average is located.

Follow me for daily updates on the latest and highest quality market information. Wishing you a smooth journey to wealth.