If we apply pitchfork, taking as a basis the bottom at the end of June 2021 and the top in November of the same year, the channel will show us something.
The price went to 1 and after a pullback is trying to reach 1.236, the first impulse level.
I attribute this BTC rush to the fact that has just reached a top in its pitchfork. Market makers need to execute reversal quickly. Together with the DXY strengthening, none of this looks like an invitation to a run.