bitcoin way to 34700

this is bitcoin day timeframe its clear that started from 18000 any hi is up from its early hi and this is true for lows from number 1 in my chart until 8. my idea is that in downtime First, a low point in the chart is created equal to the previous low, then the price rises to the previous hi, and finally drops to an important node in the price climbing process. In my opinion, this important node is 34700. which I have marked with a square.