Bitcoin, is this just as short squeeze or a trend resumption?

BTCUSD / 1D

Hello traders, welcome back to another market breakdown.

Bitcoin has been trading in a channel, However, the trend has already changed bullish, untill 20k is taken out, a lower high can happen anywhere. I'll be watching to see if this qualifies as a lower high so I can swing the next leg up.

Checkout the chart for what I would like to see first.

Trade safely,
Trader Leo.