During the price pullback phase, the lower Bollinger Band continues to provide effective support, forming a clear support-rebound technical structure, with a preliminary confirmation of the short-term bottom.

Although the overall trajectory of the Bollinger Bands remains in a downward channel, after stabilizing and recovering from the low point, the price has gradually moved away from the weak operating range near the lower band, continuously approaching the middle band. This change in shape intuitively reflects that the market buying power is steadily strengthening, and the price center is showing a steady upward trend.

From the hourly chart perspective, although the market maintains a pattern of fluctuating consolidation between bulls and bears, the Bollinger Band indicator has completed a transition from continuous narrowing to an upward opening shape. This technical signal usually indicates that bullish momentum is accelerating, and the positive attributes of short-term trends have significantly improved. Based on the comprehensive analysis of multiple time frame technical signals, the current price, after experiencing a phase of consolidation digestion, is likely to continue the previous upward trend.