Bitcoin - 3 Dives

Looks like we are flushing out Longs and trapping shorts

Formation of Dives:

a clear downward movement reaches a low.
another dip forms, slightly lower than the first.
the final dive happens, testing the same support level
Volume Behavior: Volume appears to diminish with each successive dive, which aligns with the typical characteristics of this pattern.

Support Level: The third dive coincides with the ascending channel's lower trendline, reinforcing the strength of this support level