Judging from the shrinking volume in the morning, the downward break last night was not a break below the lower edge, but a normal retracement. It can be seen that short-term traders in the market have different structural consensus on this pattern;

(Figure 1)

It can be seen that the power of the demand side is indeed stronger than the supply side, which should be largely attributed to the fact that miners completely stopped selling after the halving, and even transferred out from the exchange;

(Figure 2)

The actual significance of the halving is reflected for the first time!