This is an extra update, separate from my main Bitcoin
analysis. Just trying to judge the strength of the bulls of the past days. This channel here seems to be real and it's always a matter of time until it breaks down, but we obviously can't know when :). Since my assumption is that it's time to see a correction, i think it's getting close. Bears did an attack just now, but bulls have pushed back just as fast once again. Something we have seen several times past 2 weeks. Started to look as if the 8700ish would break, but it has held so far.
I do think, that if we see a fast push up coming hours, it could become a trap move. So if we see a break upwards and a fast move back inside of the channel, it will become very likely to see it break the support line as well and see an even bigger drop