In the evening, looking at the 4-hour chart, after a significant rise to a high point, the price has pulled back. This high point has become a clear resistance level, and the price has attempted to break through multiple times without success. If it approaches again and cannot break through, a short position can be considered. There is support below, and breaking it may open up downward space.
Regarding technical indicators, the Bollinger Bands are narrowing, with the price near the middle line. The upper band is exerting pressure, and if it approaches the upper band and turns downward, a short position can be considered; the J value in the KDJ indicator is at a high level, turning downward and forming a death cross with the KD line can be considered for action; the MACD indicator shows that the bearish power is strengthening.
Action: 106000-106500
Target: 104000-104500