In the 4-hour chart, the MACD indicator shows a high position death cross moving downwards, the red bars have completely disappeared, and the green bars are starting to increase in volume, indicating a clear short-term adjustment signal; however, from the perspective of the larger trend, the price of the coin is still operating above the lower boundary of the ascending channel, and the previous low has risen while the high has also moved up, indicating that the bullish structure has not been substantially damaged. This pullback is part of a healthy retracement in the upward process. Meanwhile, the oversold zone also leaves room for a bullish counterattack.
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