The position of the $ETH level 5 minute rebound can be high or low. From a recursive perspective, the decline of ETH has not ended, and we still need to pay attention to the situation after the end of a 5 minute rebound during the day. Observe whether its price movement conforms to the description of recursion in the chart.
Recursive structure of movement:
Initial level (a0): Such as fractals, strokes, segments, serving as the smallest indivisible unit (similar to benchmark conditions).
Upgrade logic (f1, f2):
f1(a0)=a1: Constructing the lowest level center from the smallest units (such as segments).
f2(an)=an+1: Generating a higher level center recursively from the lower level center.
The core of recursion is the self-similarity of market movements: movements at different levels (such as 1 minute and daily) exhibit the same consolidation/trend structure (a+A+b). The essence of the recursive process is the self-organizing growth of levels.
