Bitcoin is still falling, but the possibility of breaking below the previous low has decreased. Those who bought in at the bottom yesterday and want to hold long-term can protect their capital for now. If you want to make short-term trades, that's fine too. However, from a technical perspective, the daily chart shows a bearish engulfing pattern.
On the four-hour chart, the rebound is not over yet. You can hold on a bit longer. For those who haven't bought in yet, there will generally be a slight pullback. In this recent wave of market activity, the pullback did not break the previous high, indicating that this wave of decline has indeed completed.
There are expectations of an interest rate cut in September, and the upcoming data should be decent, although there might be negative news that forces the Federal Reserve to start cutting rates. But to be honest, this round of the bull market is nearing its end; there will be a big surge afterward, and when that happens, it's time to reduce positions or clear out entirely.