It has been falling for more than two months in a row. Based on previous bear market experiences, this initial decline cycle usually lasts around 3 months. The current performance is quite interesting— the lows are gradually being pushed higher, and this signal should be noted.

Looking at the rebound strength of the 60-day moving average, it’s not very strong. However, the key point is that a clear bottoming structure has appeared at the 89,800 level. What does this pattern imply? The positive fundamental news continues to ferment, and the technical rebound has bottom support. Combining these two factors, it suggests that a rally is brewing.

The current logic is— after confirming the bottom, the next step is to test the important resistance level above. The 99,000 hurdle is right in front of us. From the bottoming out to the rebound and then testing the high, this rhythm still offers a chance to bet on a long position. The specific approach depends on individual risk tolerance, but from a pattern perspective, this is a timing worth paying attention to.