Looking at the 4-hour level of $IR, the overall pattern remains bearish. The price is currently stuck below the middle Bollinger Band at 0.06887, which acts as resistance, with the upper band at 0.07321 and the lower band at 0.06452. From the Bollinger Band perspective, it’s clearly in a downtrend, and the bearish momentum has not been broken.

On the MACD side, the DIF line has crossed above the DEA line, seemingly indicating a golden cross signal, but the histogram is only about 0.00127, which is very small, indicating insufficient bullish momentum. Such a level of correction cannot reverse the downtrend.

The RSI(6) is only 46.71, still hovering below 50; the KDJ's K value is 22.83, D is 27.42, and J is 13.66, all in the low zone. Although there is a hint of an oversold rebound, no genuine golden cross has formed, so the rebound strength is definitely limited.

Volume is even more concerning — it continues to shrink, OBV remains in the negative zone, with no signs of turning upward, indicating that no one is interested in entering long positions, lacking capital support.

Looking ahead, key levels to watch are: if the price can hold above the middle Bollinger Band at 0.06887 and further break through the upper band at 0.07321, there might be a short-term rebound; conversely, if it breaks below the lower band at 0.06452, it’s likely to continue down to previous lows at 0.06378 or even lower. Be cautious with trading within this range.