Where does BTC go next?

After last night’s dump, it seems all scenarios are on the table. It seems to have fought back to just above that green ellipse. Yellow and orange trajectories seem more possible if we get a candle or two closing above the green ellipse. Otherwise, red and blue look more likely IMO.

Would love to here comments on where you think it goes next, and why.
ellipseellipticalpatternsTrend Analysis

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