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1.8 Early Morning Analysis
The current price is approaching the lower band of the Bollinger Bands. After the Bollinger channel gradually narrows, it is expected to open upward again. The lower band area usually reflects short-term overselling in the market, indicating a potential need for technical correction.
Although the DIF line is still below the DEA line and the MACD momentum bars are below the zero axis, it is important to watch for signs of bullish divergence—if the price continues to decline while the MACD green bars gradually shrink or the lows lift, it indicates that the bearish force is weakening significantly and the bullish momentum is gradually accumulating. This can be seen as a positive signal for a trend reversal.
Trading Suggestions
Buy on dips around 90,900-90,400, with targets at 92,200-93,000, and continue upward if broken, aiming for 94,000.