10.4 Yufu Morning Pancake Analysis:

The 4-hour chart for Bitcoin shows multiple instances of rising and falling, leaving long upper shadows, indicating significant short-term resistance above. However, strong support below and gradually rising lows suggest that bullish strength is secretly building up, waiting for a breakout opportunity. The 1-hour chart has already achieved a breakthrough of the resistance level, with bullish momentum released, and there is currently no obvious resistance above, which is expected to continue the upward trend. In summary, there may be some consolidation in the short term, but the overall trend is leaning towards the upside. Whether it can effectively break through key resistance levels and sustain an upward movement will be the focus going forward.
It is recommended to place long positions near the range of 120500 - 121000 for Bitcoin, with a stop loss set at 120000 and a target aimed at the 128000 level.