Yep, I'm looking at that descending channel line and 20-week MA as a potential local top. Bears will probably try to make a stand there. The way we're slowly curving into a parabolic shape on the 4-hour (on solid volume) makes me think we might just bust through towards $10K. More likely, we'll need to consolidate off that resistance and build support first. That will also allow the market to retain impulsive form, which is bullish for continuation after a pullback. Here's one idea in that vein:



4-hour OBV is showing some balls for the first time in a long time, which is nice to see. This local count is progressing nicely. I'm still looking for a push towards $8,500+, perhaps after another intraday consolidation:




Yes, we need to break through that descending channel with authority before making big plans for a new bull market.