Overall analysis

Recent price performance: The current market price is at 104847.90, which has retreated from the previous high of 106074.20 and is slightly below MA20 (105229.30), indicating a weakening of upward momentum and a shift to a consolidation pattern.
In the short term, the market may experience a volatile correction. The hanging man and doji candlestick patterns suggest that there is significant hesitation in the short term, while the price is below the high and has lost key moving averages, which may further test the support level of 104749.00. If the price finds solid support at this level, it is expected to attempt a breakthrough towards 105000 and above.
Suggestion: Currently, it is advisable to operate cautiously. For short-term traders, consider tentatively participating in long positions with light positions near the support level (around 104749.00) and gradually locking in profits in the resistance zone (105000 and higher) or adjusting strategies after observing price breakthroughs. For medium-term or trend traders, it is essential to pay attention to whether the price can effectively hold the 104144.01 (MA40) during the pullback. If this level is breached, consider reducing positions or pausing long operations, and wait for the market to stabilize before making further arrangements.

Analysis with Custom Indicators:
Super Trend Following Long Strategy:
The current indicators still show a strong bullish trend, suggesting that market sentiment is leaning towards an upward movement. However, due to the price slowdown and accompanying short-term adjustments, it is advisable to pay attention to the continuity of indicator signals during the pullback period. One can seek low-level layout opportunities based on key support levels (such as 104749.00, 104144.01) combined with indicator prompts.
Follow the trend and go against the minor trend for short-term trading:
The trend indicator signals remain bullish, but the pressure for pullbacks increases during the short-term high selling process. It is recommended that short-term traders adhere to a smaller target range for profit taking (0.8%-3.6%) and pay attention to re-entry opportunities provided by contra-trend pullbacks. If the price touches and breaks through significant support areas, the strategy should be readjusted to observe whether the main trend can effectively recover.
Moving Average Group and Price Channel:
The strong divergence of the moving average group still suggests that the bullish trend in the market has the potential to continue. However, when the price fluctuates near the upper track of the channel or experiences overbought pressure, it is necessary to pay attention to whether the price can further break through and stabilize the upper channel. If it cannot effectively break through and the moving average group begins to converge, it may indicate a weakening trend, and it is recommended to observe in the short term or wait for clearer signals before taking action.

Comprehensive suggestions:
Day traders: positions can be established near support levels, but strict control over position size and profit targets is necessary; if the price shows high-level fluctuations or further declines, one should exit at any time and observe market performance.
Medium to long-term traders: Currently in an adjustment phase of a bullish trend, positions can be maintained by observing key moving averages (such as MA40) and channel positions, waiting for price stabilization or indicators to issue a clear bullish signal before adding to positions.
Technical Analysis
K-line patterns: Recently, a doji and a hanging man have appeared, indicating market indecision and potential downside risks; the belt hold line suggests possible drastic fluctuations in the short term; key resistance and support levels are concentrated at 106074.20 and 104749.00, respectively.
Super Trend Following Long Strategy: Capture rebounds after significant volume declines and rhythm points in trends, confirming that the current market bullish trend is evident, allowing for continued attention on upward momentum.
Follow the big trend and go against the small trend for short-term trading: The trend signals indicate that the bullish main trend is clear, and short-term highs suggest potential pullback pressure, but as long as support is not broken, the upward structure is likely to continue.
Moving Average Group and Price Channel: The moving averages diverging upwards indicate a strong bullish trend, but the price shows overbought pressure at the upper boundary of the channel, suggesting possible short-term fluctuations and adjustments.
Potential trading entry and exit points
Buy point: 104749 USDT (close to recent lows, strong rebound support,符合多头趋势延续逻辑)
Long stop-loss point: 104000 USDT (breaking below the recent support range may turn into a consolidation or downtrend)
Sell point: 106074.2 USDT (close to previous high point, there is strong resistance, may pull back in the short term)
Short selling stop loss point: 106300 USDT (break through the previous important resistance level, short-term bearish confirmation failure, bullish strength continues strongly)

This interpretation is for reference only.