The 4-hour chart shows a key detail: despite high trading volume during the sell-off, there was positive buying interest near the lows, supporting a bullish divergence in the oversold region, which may indicate the formation of a local bottom. The CJL indicator has risen significantly, confirming increased market participation, but to regain strong momentum, prices need to recover to the key level around 88600.

The daily chart presents a solid bullish candle, but today's short-term resistance level around 87200 could not hold, and prices retreated to around 86000. The Fibonacci short-term support level is in the range of 85500 to 85000. If prices can maintain above 85000 after a pullback, a slight second bottom may occur in the evening.

Overall, the market shows some buying support near the key support level, but a breakthrough of the key resistance level is needed to confirm a trend reversal.