The market opened higher in the morning, with the latest high point reaching around 107,000. This upward movement did not last and instead retreated; every time a new high is broken, there is a wave of pullback, and it is the same now, currently pulling back to the 104,000 level. The sentiment of long and short positions is severely mixed right now, so remember to manage risk well and do not lose everything for the gains or losses of the first wave.

In the four-hour timeframe, the price line has shown a step-like upward trend. During this rise, every time a new high is broken, there will be regional fluctuations. So, will the breaking of the high today be the same? And what are the upper and lower levels of the area it is pulling back to?

Next, looking at the four-hour level, although the price has broken through and surged, it has also quickly pulled back, about to form a large bearish candle, returning to the starting point. The upper pressure remains around 105,500, while the lower support at 102,300 is more favorable for entering the market. I prefer to go short from around 104,350, so consider setting a limit order there, targeting a rise to around 102,500. If it stops falling, then look for a reversal.

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