Classic Adam & Eve pattern. For BTC over the last year or so, these patterns have proven to play out as they "should", even on lower time frames. It will be invalidated if price goes back under 51,000 (red line) and we stay under there (ie, start opening and closing lower-time frame candles under it). But if 51,000 holds and we start opening and close 4-hr candle above it, then the pattern should play out and it should take the price well into the blue box area - ie, back to the top of the range. Once it's there (assuming it gets there), 55,000 (lower black line) will need to hold for us to stay bullish on the lower time frames, and I would expect the price to consolidate in that area for at least a day before the next move.