I don't really understand it so i read the news to make it clear to me.
The words that you used make its complicated. Well i go with the topic, Bitcoin is having a lower lows and moving down. Expect a fluctuations for a moment a days or weeks it will not go down straight up to $4k because it was exhausted.

Major fluctuations and sideways can be observe after this 5,800 is holding the support. Wait and see if we are more getting to that lows for this July from my Technical analysis.