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The current market is in a consolidation phase of bullish and bearish battles. On the four-hour chart, the price has stabilized and rebounded from the lower Bollinger Band. Previously, consecutive dips were effectively supported, and the bearish momentum is gradually weakening, with the trend beginning to recover toward the middle band. The KDJ indicator shows an initial golden cross at low levels, with the three lines gently diverging, indicating a market confidence rebound. On the hourly chart, a weak consolidation pattern has formed, with the Bollinger Bands narrowing and the candlesticks moving sideways with narrow ranges, and downward momentum clearly slowing. The MACD remains in a golden cross below the zero line, with the red bars slightly increasing, suggesting that the short-term rebound foundation is still being solidified.
It is recommended to focus on long positions around 2045 and 2015, with the first target at 2155 and a breakout to 2270.