!This is not a target, it's just the last rope which gonna hold the next Cycle!
The buyers/sellers resultant= 0 is our next support bottom (We have time but keep it in mind ;) ).
The new rope itself could be the resistance aswell but it will mean nobody care of the BTC anymore, then a last intermediary resistance in the node (buyers = sellers) is my most likely target for bottom (Once you see the existing rope break on after the other).
Nb: Don't imagine BTC cycle with one period and one frequency but plenty with new one coming to complexify the equation in every cycle! It's more complicate than a W our a Diamands pattern than everybody try to sell you on Twitter ;)! The market is dephasing with different kind of buyers, sellers which all belong to a frequential waves system based on for example day/night, Kondratiev cycle, institution market closure, futur, payday...IA bot. Soon it will be unreadable in Micro market by too many variables and finally perhaps people will stop speaking about "manipulate market".