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The daily chart previously showed a unilateral decline from the high of 82,828, touching a low of around 59,080.
Subsequently, the price did not continue to make new lows but instead formed a consolidation and stabilization structure at the low levels.
Currently trading around 63,000, this is a technical correction phase after a decline.
Although the Bollinger Bands are still opening downward, the lower band has flattened, indicating that the downward trend is slowing, and the rebound space is opening up.
The price is supported above the lower Bollinger Band, the KDJ indicator is turning upward from the low, and the downward momentum is exhausted, with bulls gathering strength.
As long as the current support level can hold, the technical rebound on the daily chart is likely to continue, with the first challenge target being near the middle Bollinger Band.