January 8 Morning Trend Analysis

The price has already approached the lower Bollinger Band, which usually indicates what? Clear signs of short-term overselling. As the Bollinger Bands gradually narrow, the probability of an upward breakout is quite high. The lower band often serves as the critical point for technical correction.

Now, looking at the MACD—DIF line is still below the DEA line, and the green histogram bars are also below the zero line, indicating a bearish sentiment. But there is a key detail to watch for: whether a bottom divergence appears. If the price dips further but the MACD green histogram shrinks and the lows are rising, what does that mean? The bearish momentum is weakening, and the bullish force is quietly accumulating. Once this signal is confirmed, a trend reversal is not far off.

Trading Strategy

Consider going long if the price pulls back to the 90,900-90,400 range. The first target is 92,200-93,000. If it breaks through, continue to look for a rise to 94,000.