Looking at this 4-hour chart, old buddy, it feels quite specific. This is not the daily chart's kind of slow grind; the 4-hour chart is all about rhythm.
Current price is 3071, steadily above MA7's 2999 and MA30's 2953, with a short-term bullish arrangement being solid. The key is to watch the previous high of 3113.68; breaking through here would open up the path to test the previous high of 3239; otherwise, it’s just range-bound fluctuations. Strong support below is seen in the MA30's 2950 area, which is the lifeline in the short term.
Let’s talk about volume, as this is the soul of the 4-hour chart. You see the recent volume bar, 477,000, compared to the two average volume lines below, with the 5-period average at 694,000 and the 10-period at 763,000, showing a significant gap. This is a typical volume contraction rebound, indicating weak willingness to chase higher prices; bulls are probing, but not exerting force. This kind of movement is either preparing for a breakout or is a false strong move that will drop upon hitting resistance.
My trading thought process is quite simple. I mix in the circle, don’t guess the direction, just look for signals. Right now, the price is hovering around 3100, close to resistance. I will wait for two signals: either a volume breakout above 3113 that holds, which would be a signal to add positions, or a drop below MA7 with weak retracement, which would require considering reducing positions for risk management, and then reassessing around 2950 for support.
In short, the 4-hour chart shows the rhythm, and right now we are hovering before a crucial position. Don’t get ahead of yourself; waiting for the market to choose a direction is ten times more reliable than your random analysis. Remember, opportunities come from waiting, not chasing. @俊哥说趋势

