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This pattern indicates that BTC may be about to pump on the daily chart. This is the best way for a five-wave Elliott Wave Theory increase because there were three interest rate cuts in 2024.
If this year replicates last year's interest rate cuts, it will pump the market 3 times and then end the bull market.
If interest rates are cut twice, it can also pump three times, including forming patterns before ending the bull market.
Target 156,000/170,000...
If there is only one interest rate cut, then it is a short pump of 5 waves, targeting 125,000-128,000.