If they don't break this channel, potential massive bear flag
They keep buying 6k area but failing to sustain a rally this time like we had to 8.5k and to 10k before. This upwards channel could end up exhausting the bulls and completing a massive bear flag from recent 8.5k top with target around 4.4k. Above this we have 7.5 to 7.8k as next local fib extension targets (touching an important upper trendline at around 7.5k from here also). Best case scenario to get out of this tight range is a violent drop to the area everyone is waiting for and having a quick run above 6k to close a weekly or a monthly candle above it.
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