From the 4-hour chart perspective, the overall trend remains bullish and has not been broken. After the surge from 2985 to 3149, the price is now fluctuating around 3120.

The moving averages are holding quite steadily—the MA20, MA60, and MA120 are all below the price, forming a standard long-term bullish alignment. The BOLL channel has pulled back from the upper band and is currently oscillating above the middle band. The key point is that it has not broken below the middle band; this pullback is a strong rebound rather than a top formation. Overall, on the 4-hour chart, it is a high-level strong consolidation after an upward move.

Looking at the details on the 1-hour chart, the high point is at 3149, and it is now hovering around 3100. This pullback has a clear characteristic—no volume increase, and the candlestick bodies are shrinking, which is a typical sign of bullish accumulation.

The middle band of the 1-hour BOLL is in the 3100–3110 range, with support at 3050–3060. The trading strategy is very clear: as long as the pullback to the 3100 area does not break, maintain a bullish stance. The real bullish defense line is at 3050. Once it stabilizes above 3160, the next target is directly above 3200.