Looking at the 3day chart, we can actually see that a falling wedge pattern has been formed since the latest high at 31k. But because this type of wedge has a fakeout before the breakout most of the times, I still believe that BTC can drop towards 23-24k to liquidate the latest area of imbalance. This form of liquidation would gather all the strength needed for price to push towards 34k and even 38k within the next bullish extension.
