Your analysis has a good sense if we see it from the point of view of the split of 2h. But if you want to analyze the market in general, the best thing is that at times to days or months, the information that you can subtract is much wider, you can decipher where the direction of the market can go.

If we take into account that according to Wyckoff's theory we are in the accumulation phase, the EMA will always be above the normal line of the bitcoin chart, then that information will give you a bearish, but we are not in a bearish trend.

And if you reach that conclusion, you will always enter the Bearish market with the total conviction that it will be bearish, and the market may rise and liquidate your position, in that part, you must be careful, it is best to observe how the volume can tell you the amount of supply and demand that goes to Days, because only then you can determine the line of least resistance, and that is the one that must be followed, since that way you will not go against the market.