The price is currently fluctuating at a high level around 95,500, repeatedly testing but not breaking through.
The trading volume has noticeably decreased in the past two days, indicating that buying power is starting to weaken, leading to a bit of a wait-and-see sentiment.
Recently, several candlesticks have shown long upper shadows, suggesting that selling pressure at high levels is beginning to emerge.
Currently, it is fluctuating repeatedly in the range of 94,500-95,000, which is a typical strong consolidation phase.
Generally bullish, but caution is advised when chasing highs.
Strategy explanation: The main direction remains bullish. It is recommended to wait for pullback support (for example, near EMA24, around 93,000-93,500) to buy low. It is not advised to chase high directly at 94,500, as the cost-effectiveness is low, the profit potential is small, and the risk of loss is high. Stop-loss reference is to confirm weakness if it falls below 92,500. Exit the position if stopped out. Take-profit reference is around 95,700-97,000.
Do not chase highs, wait for low entries to avoid being washed out at high levels.
Follow the major trend and go long, as long as important moving averages and support lines are not broken, maintain a bullish outlook.
Be cautious when chasing highs to prevent a downward waterfall.