GM,
To make an analogy, I think the market is more like April of this year.
After half a month of turmoil, the big coin is still in a narrow range of fluctuations. After the 4h three-buy structure appeared, it did not directly break through the 200ma. This situation is generally considered a failure to break through.
If this three-buy can barely be counted as a three-buy, then the first one on the 4h has been completed. What is needed next is a downward move on the daily line, directly turning into a double bottom structure similar to the second bounce in April of this year. If a peak-bottom divergence is formed, a daily level rebound will begin.
