4.3 The market continues to rise, bulls take off, continue to go long.
The 4-hour price shows a bullish trend with consecutive upward candles and the 'Three Red Soldiers' formation indicating strong upward momentum. The market exhibits strong volatility and an upward trend, but since the price is close to the upper Bollinger Band, there may be a short-term pullback or correction. Pay attention to the key resistance level of 88752; if the price can effectively break through this resistance, a bullish outlook can continue. If there is a clear reversal signal near the resistance level, partial profit-taking or short-term arbitrage may be considered.
The 1-hour price shows a strong upward trend and is currently operating near the upper Bollinger Band. There may be some pullback pressure in the evening, especially since the price is close to the upper Bollinger Band. Combined with the emergence of the top formation, there may be a need for adjustment in the short term. Given that the market is in an overall upward trend and the 'Three Red Soldiers' formation indicates strong bullish momentum, buying on dips is advisable, focusing on the middle Bollinger Band or support level near 85000 for positioning. Also, closely monitor the resistance performance at the recent high of 87560; if it breaks through and stabilizes, further positions can be added.
Long at 84500-85000, target around 88000-91000. Stop loss at 83500