Yesterday's article mentioned that 102000 is a key level; breaking through it will determine the subsequent trend, and in the short-term analysis on the 15m chart, it was indicated that there was a high probability of breaking through 102000 at midnight, which was ultimately perfectly confirmed.
After the price breaks through 102000, it means that the 4h level adjustment is over, and a new round of upward movement is about to begin. Previous articles have repeatedly stated that, based on historical patterns, this round of upward movement will ultimately reach around 112000.
On the 1h level, after the price was pressured back down at 102500 in the early morning and failed to break below 99000, the pullback did not continue, which means that this 1h rebound that started from 94200 at 2 AM on the 11th is still ongoing. It is expected that this round of 1h rebound will test the previous high resistance at 104630 again.
Short-term
If the short-term price breaks through 102000 again, the upward trend will continue, and it is expected to reach around 103500 from midnight to daytime (as indicated by the red and green arrows). If it is pressured again below 102000, the price will likely retest 99000 and 98000 from midnight to daytime.
Direction: Long
Buy Point 1: Current Price
Buy Point 2: Around 100100
Buy Point 3: Around 99100