Yes, you could have a VERY bad day if it turns out to be electrical cables or plumbing pipes . Survey both sides of the wall below for electrical outlets, wall switches, or nearby plumbing. If you are not sure and worried, you might cut a small drywall inspection hole in the wall before drilling thru. I would rather patch the wall than fix a drilled plumbing pipe or electrical cable . It appears from your pic that electrical cables are routed down the same wall top plate.
I use one of these inspection cameras, but it's kind of costly for occasional use. There was a post that recommended one of these less costly endoscopes that might be a good lower cost tool for your tool collection.
The Giraffecams work well, a couple suggestions, if you are using it with a laptop, get a usb extension cable. Also, the rigid version Amazon.com: GiraffeCam 3.0 Rigid | Flexible Endoscope Borescope Inspection Snake Camera | Android PC Mac: Camera & Photo of it is definitely easier to manipulate to get the image you are looking for.
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