Analyzing the current market data structure, the four-hour level market has recorded a strong bullish belt hold after experiencing a phase of consolidation and has achieved an effective breakout. The price has successfully stood above the upper band of the Bollinger Bands, with long positions' momentum continuously being released, and the opening shape of the Bollinger Bands is gradually expanding, further opening up the upward space. The strength of long positions has effectively reversed the previous weak pattern, and the market structure has undergone a substantial transformation.


On the hourly level, after experiencing two consecutive bearish candles that confirmed support, the market has formed a three consecutive bullish candles upward pattern, with recent highs being continuously refreshed. However, it should be noted that there have been frequent long upper shadows above the bullish line bodies recently, indicating that there is a periodic selling pressure resistance above. Combined with the technical demand after the continuous upward price movement, there is a need for a short-term market correction to complete the momentum accumulation.
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