BTC
From the perspective of the four-hour time zone structure, the overall trend is more like a wide purple box-shaped interval with mainly oscillations. If the retracement is relatively shallow, it will touch the upward trend line (blue) of the large time zone around 63700 and then return to the upward trend.
If the correction is relatively large, as pointed by the yellow arrow, it will retrace the trend line of the previous downward structure around 62,000 and then return to the upward trend. After the overall sharp rise, it needs to be sorted out before continuing to rise.
