Technical indicators show that the upper Bollinger Band on the 4-hour chart is under pressure and converging. The K-line has repeatedly tested the high level but failed to pass and has fallen back. The KDJ indicator has formed a death cross at a high level and is moving downwards, indicating that the indicators are beginning to correct. The moving averages remain in an upward-trending bullish alignment, suggesting the medium-term uptrend remains intact.

On the 1-hour chart, the price is fluctuating, currently pressured below the short-term 5-period moving average, indicating a multi-timeframe tug-of-war between bulls and bears. The non-farm payroll report is expected to break this consolidation pattern, with Asian and European markets likely to remain range-bound.

Short-term trading advice: Buy on a pullback to 4230-4235, with a target of 4275-4280. If the price breaks through, pay attention to the 4300 level. Trading will continue until the non-farm payroll data release; please pay close attention.