i agree the market is still in bearish, but for daily trader like me this is the best opportunities to do some pimpong trade. crypto still legit even if the price bellow 1000$.
Yes daily trader loves the volatility, they make money on this especially if they are able to ride with it. The market might not be good in terms of the price right now but I think, we will not fall below $4k again. Don't spread the FUD, let's keep on thinking positive and bitcoin will go up. The incoming dump is not that much, I expect a more pump this month of May.
Honestly i don't see anything reliable to the OP's chart image. Well i do some chartings and anything can change ma, sma and other indicators is lagging it can change its direction from point A to point B. I am looking at 4700 support which may be the drop and not that $3800 after this past month bitcoin run.