12.30 Afternoon Market Analysis

From the 4-hour K-line chart, the current price is trading below the middle band of the Bollinger Bands, with the lower band forming a clear structural support. The short-term downward space is limited. The previous pullback after breaking above the upper Bollinger Band is a typical technical correction within the Bollinger channel; meanwhile, the previous low of 2890 and the recent 24-hour low of 2910 form a small-cycle double bottom pattern, indicating an initial signal of rebound and recovery from the technical perspective.

Overall, the current sideways consolidation is a healthy pullback within an upward trend. The support levels below are continuously strengthening, and the core technical pattern remains positive without fundamental change. The subsequent price still has the momentum and potential to rise.

Trading suggestion: Go long in the 86,300-86,800 range, with targets at 88,300-88,800.