I’m still calling for downside move on the btc price. Today was a nice bounce because of an increase in the SPY. Given that I think the SPY is in a bear market, I don’t see a strong future for btc in the short term. Today we hit the top of our outlined resistance zone around 41k. Wether this area holds or we go lower I think depends the most of the price action of the SPY than anything else. Crypto related news, positive or negative, does not seem to be driving anything in price. Also not looking like the inflation hedge narrative is enough to decouple BTC from stocks. As shown in the chart, the downside is significant. I expect price to touch below 30K, and potentially test 15k as a bottom in the future if equities continue to underperform. Big bitcoin fan since 2017, just calling what I see at the moment.