I'll continue to focus on price instead of narratives.
Here's what I'm seeing right now...
Bitcoin is still trading above its 200-day moving average cloud.
Bitcoin is still trading above the AVWAP from the Q4'24 and Q1'25 highs.
Bitcoin has a regression channel bull flag.

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Today we saw gold, silver, and palladium all hit new highs! Since the correction at the end of October, gold has been trading above the 25-35 day moving average; silver is rising along the four-hour moving average; and palladium is rising along the three-day moving average.
Synchronization: This "synchronized new highs" usually signifies the start of a major trend. Gold provides "stability," silver provides "elasticity," while the addition of palladium indicates a dual surge in industrial and investment demand.
In this clear upward trend, trading volume has not weakened significantly and no bearish structure has emerged. Don't try to short the short at the top; otherwise, you'll end up with...

Market Analysis | Gold, Silver, and Palladium Hit New Highs! How High Can They Go!?

Another case of "address poisoning," causing one user to lose $50 million. Photo: Techradar
The attack caused a shock.
A cryptocurrency user lost nearly $50 million USDT after mistakenly transferring the funds to...

Another case of "address poisoning," causing one user to lose $50 million.

Currently, looking at the daily chart of US stocks, two key signals are needed for confirmation that the market is turning bearish:

- Break below key support: The three major indices must break below the red line.

- Structural reversal: Lower Highs and Lower Lows must appear in the trend.

Currently, the overall trend is still upward, but since no higher highs have been reached, it has essentially been in a consolidation phase since October 30th.

According to Market Pulse data, the index is currently at 50...

Market Analysis | US Stocks Fluctuate?! About to Hit New Highs?!

I'm telling you the indicators and structure that I'm following here, but let's also talk about implications.
The significance of the 200-day MA cloud and the AVWAP levels is this...
Price can fall down to $92.6k to $97k AND STILL RETAIN BULLISH PRICE STRUCTURE, STATISTICALLY.
Maybe we don't dip that far...
Maybe we "only" retest the lower-bound of the regression channel, which could push prices below $100k.
These declines would feel bad.
They would wreck leveraged long traders.
But they wouldn't invalidate any of the bullish dynamics that are currently still in the market.

Here's something else...
Look at these short/medium-term EMAs:
🔵 21-day EMA
🔴 34-day EMA
🟢 55-day EMA
Look at how well this EMA band works as dynamic resistance and support.
For all we know, this is just another valid support retest that could produce new highs.