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Every sell-off now is accumulating energy.
The price has been here for several days, and during the consolidation days, investors' sentiment has shifted from boredom to frustration, and then to anger. This is a common rhythm. Then the price once again hits the same support level—this support level tried to break through once but failed.
This is a critical moment. Historically, structures in such positions usually face two outcomes: either they collapse quickly and drop directly; or they accumulate enough potential energy to then experience a rebound far exceeding market expectations.
Repeated testing of support indicates that buyers are still holding. Multiple bottom tests without breaking the level usually suggest that the next move could be larger than expected. The market direction is often determined through this kind of repetition.