When using the Feb6th 6k low to the May 10k high The recent drops along the same fib stretch levels with 0.38 retracements each.
BTC showing a textbook Wykoff accumulation pattern, nearing readiness to rapidly rise and "jump across the creek" JAC.
Offering as a possible. I have bullish scenarios too.
I can see BTC's ABC being very shallow today, the 0.236 FIb / $8300 Skid along term log trend line broken, that becomes resistance This area has huge confluence with the 0.382 from prior 11.2k pivot peak It keeps trend within the bullish pitchfork geometry