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Four-hour level: After the price continuously closes lower and tests the support level, it shifts to a narrow range consolidation at a low position, and the trend enters a phase of staged accumulation. The upper and lower bands of the Bollinger Bands gradually contract, indicating that the short-term bullish and bearish momentum are tending to balance. Once the consolidation is complete, a new round of directional momentum will be released.
One-hour chart: After quickly probing below the lower Bollinger Band, the price continuously recovers with bullish candles. The long upper and lower shadow candles indicate fierce competition between bulls and bears, but the bearish momentum shows a clear weakening. The MACD fast and slow lines begin to converge at low levels, and the KDJ indicator gradually converges and is brewing a golden cross signal, strengthening the short-term rebound expectation.
Recommendation: Go long around 88500 and 88000, with the first target at 91000, and a breakout to the upside targeting 93500.