Quick update on Bitcoin - Volatility at Nov 2022 levels - RSI at bottom of the channel with business cycle bouncing off the lows, comparable to the low of March 2020 - Speculative shorts on CME net $4bln - Power Law is trading at support - Mayer multiple in accumulate zone - Fear and Greed Index has us at 5 today (2.1 standard deviations from the mean - after a full week of consolidation!) - 1Y divergence BTC -31% vs Gold +74% - and most importantly, everyone calling for lower Getting that bullish tingle not seen since Nov 2022

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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