DROP or Pop? You tell me... Looking at the 21day chart.
Previous support has been broken (see the pink dotted line). CME Futures Gap (from previous chart) looks like it's providing pressure - from where we are now it appears that the impetus is to move towards the S1 Level. That's it from me today.
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Don't think for one moment that I'm bearish on BTC (I'm Bullish) - the caveat - I'm a trader so I will find my way to prosper within the market dynamics where I can.
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That hammer's level that signaled a move up as support has now become resistance. We have 4 more days until the 21day candle close (depending where you live). Too my eyes it closely resembles a fractal (close to the candle I've marked as the base of the pole of the flag).
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The S1 Level has not been broken (obviously) I'm just pointing it out. Pull the chart to the right to see that thing I'm calling a fractal near the base of the flag pole.