The pattern began forming after a 20+% move on Wednesday June 14, 2023. At that time BTC was trading at $25,199.30 and on June 23, BTC hit the next level of resistance at $30,644.90.

The 123 chart pattern followed by the trendline break and XTL overlayed on price has turned red as well as Get Stochastics forming a false bar below is suggesting further weakness.