Technical analysis cannot always run right because there are times when the market changes so fast with existing conditions.
Technical analysis is only a guideline and not all of them can go according to the plan and from what I see the indicator does not determine completely. Although under certain conditions technical analysis becomes an indicator producing a signal because it is seen based on the volume and history of the previous trip.

Which became a little worried when the country began to make news about selling bitcoin in large quantities because it could affect panic so that there was a market sentiment.
Of course one indicator does not determine but when the market sentiments are made by holders in large quantities, it will definitely have little impact on the market.