I have marked the pattern repetition in the two boxes, let's see how it plays out.
There are many patterns in BTC candle formations that appear to repeat. I believe this is due to bots and algorithms and the minor fluctuations are down to the buys and sells of humans.
The patter from the earlier drop is repeating
Maximum and minimum prices Price direction changes Support / Resistance levels Channel midway line Use the diagonal lines as a guide for future maximum and minimum prices Use the horizontal lines for resistance / support levels Use the channel midway line for long / short position decisions
With possible areas of support and an idea of a bounce path