For me - this may be a trap - this looks like impuls - so people will buy there is a optymism - but also could be a wedge - so when will be a Breakout down - It could make:

1. High volume - on escape, pessimism and panic. [well this will be a rape if price fall 40-50%]
2. High volume - on next dip. [4500-5000] (big capital - buying) blood.
   I will use your picture:
   (possible wedge)

Local - it looks like break of trendline(downtrend) - but there is A LOTof examples on forex and cryptos - that - it's not mean "go long now" - and price was still on downtrend.

I wrote about long squeeze scenario on BTC. When buyers exit longs when bears attack dips - and price hits longs - SL's. and push price lower and lower. I think this may happen.