Using the Fibonacci and harmonic patterns , this seems plausible as market makers etc. are motivated to wiggle profits from shorts (free money isn't given to anyone)
Definitely don't trade around this pattern it's completely speculative, however if BTC generally follows this price action use this as a reference
Good luck and best regards
Feel free to look at some of the other harmonic patterns I've put forward (before and after charts) many are extraordinarily accurate, and some were entirely wrong.
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