The 4-hour level is currently in a converging consolidation phase. The short-term inclination is bullish, but a breakout of the trend line and EMA is needed for confirmation.
If it can maintain above $106.5k and break out above $107.5k with volume, the target is $109–111k; otherwise, a breakdown would retest the $103–105k area.
It is recommended to patiently wait for a clear trend, do not chase highs, and do not panic sell. Operate based on structural breakouts as the main basis.