From the four-hour perspective, the price has continuously formed three bullish candles, overall in a state of consolidation and accumulation, but has not effectively broken through the mid-band resistance of the Bollinger Bands, indicating that there is currently a significant upward resistance. Although the retracement space is limited, whether it can successfully stabilize above the mid-band will become a key signal determining the direction of the market in the future.

On the hourly chart, there are also two consecutive bullish candles, but after reaching a high near 104000, the price quickly retraced, and the short-term upward momentum has clearly weakened, with the trend gradually coming under pressure. Overall, for evening operations, it is recommended to focus on a short position strategy at high levels.