BTC ETH The framework structure that held for three months has been making small, steady upward moves along the channel over the past month. A very textbook technical analysis pattern. But last night's drop with that candlestick basically declared the failure of the channel's upward trend. The resistance around the 80k level is stronger than I expected. We were talking about squeezing the shorts, but in the end, neither the bulls nor the bears are having a good time. With nearly a month of negative funding rates, the shorts still held their ground. Now that the bulls have run out of steam, let's wait and see if the bears make their move.