From the current 4-hour level trend, after a series of pullbacks, the market has repeatedly formed long lower wicks with doji candles. The body of the doji is very small, almost merging with the moving average system. The MACD indicator's fast and slow lines are gradually recovering below the zero axis. In terms of fluctuation space, time is being exchanged for space. From a technical perspective, the current price is close to the key support level near 98100, which is also the starting point for the previous historical high. The dip has stopped, forming a short-term bottom rebound momentum, and some short-term funds are beginning to tentatively get on board, leading to a slight warming of market sentiment and driving the short-term indicators to recover. Buying power is gradually strengthening, but overall momentum still appears insufficient, and a sustained upward attack has not yet formed. From the perspective of trading volume, the volume during the rebound is not ideal, and the willingness to chase the price is not strong. The bearish outlook remains unchanged for the afternoon and evening.