After hitting a bottom at 87,200 in the early morning and rebounding, it has now returned near the 90,000 level. The 4-hour Bollinger Bands are narrowing downward, and the MACD green bars are shrinking. The 1-hour Bollinger upper band is under pressure, the KDJ shows a golden cross but the J value is overbought, indicating a need for a pullback. Overall, the bearish momentum is weakening, and an initial rebound trend is emerging.