① Has the market peaked? No one can say for sure. However, if a noticeable pullback occurs, don't panic; it might actually be a good time to enter the market, so there's no need to be overly anxious. While there is a possibility of continuous selling pressure, it is not very likely to happen at this moment.
② The visible pressure range currently is between [108000 - 110000]. What we can be certain of is that the higher the price climbs, the weaker the upward momentum becomes. In other words, it’s possible that at any moment, a large bearish candle could emerge, swallowing up all the previous bullish candles. It hasn’t happened yet, but that doesn’t mean it won’t happen later. So, it’s important to stay vigilant and not panic blindly; misjudging the situation could lead to missing out on escape opportunities, which would be unfortunate. Just know that when the time comes, precision in determining entry points will be crucial.
③ If the 4-hour chart starts showing a downward trend, then the support area of [102500 - 103800] would be an ideal point to attempt to catch a rebound. The upper range of [108000 - 110000] still presents significant resistance. For those planning to set up short positions in advance, this range should be a key focus, but be aware that the short positions mentioned here are intended for short-term trading only. As for the mid-level price points, that will need to be analyzed according to the specific market movements.