On the 4-hour Candlestick Chart, there have been 5 consecutive Bullish lines. Although the body of each Candlestick is relatively small and generally shows a significant lower wick characteristic, it indicates that there is strong buying power supporting at lower levels, demonstrating that long positions are gradually accumulating momentum for a counterattack.
Although the price has not yet broken through the upper resistance level, the downward pressure exerted by the bears has clearly weakened.
If the rebound at the 4-hour level can be sustained, it is likely to trigger a larger technical correction market. A short-term bullish rebound for repair is expected around midnight.
Buy around 108350～107900, target focus on 110200
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On the 4-hour Candlestick Chart, there have been 5 consecutive Bullish lines. Although the body of each Candlestick is relatively small and generally shows a significant lower wick characteristic, it indicates that there is strong buying power supporting at lower levels, demonstrating that long positions are gradually accumulating momentum for a counterattack.
Although the price has not yet broken through the upper resistance level, the downward pressure exerted by the bears has clearly weakened.
If the rebound at the 4-hour level can be sustained, it is likely to trigger a larger technical correction market. A short-term bullish rebound for repair is expected around midnight.
Buy around 108350～107900, target focus on 110200