Well done, Haejin. I do believe you are spot on.

For those interested in an in-depth analysis of Bitcoin's current (and past) price action, I have made a blog per request of commenters on this blog.

https://steemit.com/bitcoin/@puppycoins/28-02-extremely-in-depth-view-of-current-bitcoin-price-action-as-well-as-bigger-time-frame-look