The $THE 4-hour line has returned to the middle band of the Bollinger Bands, and from the K-line perspective, it also shows an upward trend. Coupled with large orders flowing in, I believe there might be another bullish wave, targeting 2.0, 2.25, 2.5.
However, if it falls below 1.7, there may be further downward adjustments.
Overall, taking long positions around the current 1.8 area still has a good risk-reward ratio.