$BTC

Bitcoin is trying its hardest to push over this resistance, but still having trouble getting over the $89k mark. Yes, we broke free from the channel, but notice how tiny these candles are and the long upper wicks. As we get closer to the end of the year, the yearly close is just as important to some, and you can tell that someone is trying to push it back up. So far, though, it hasn't worked.

Most importantly, watch out for this double-shaded squeeze on the Daily. We tested the 50DMA, but if we can't push back up towards the track line, then there's a good chance we dip down again from here as investors get complacent. So.. until we close above the 50DMA, or at least the 89k level, I would continue to expect downside. We need to see some more 'umph' still. Stay focused.