Looking at the 4-hour chart, the price is still moving sideways at a low level, neither breaking upwards nor downwards.
The Bollinger Bands continue to narrow, with the upper and lower bands getting closer. Several candlesticks have long wicks, indicating a fierce struggle between buyers and sellers, but the price keeps hovering around the middle band of the Bollinger Bands, showing a weak market trend. Currently, the bears are in control, and the rebound lacks strength; it is estimated that it will continue to move downward.