The hardest thing to grapple with over the past 6-8 weeks has been my simultaneous view that I'm: • Bearish on Bitcoin • Bullish on equities I kept telling people, "I'll probably be wrong on one of these". Funny enough, I haven't been wrong yet. BTC is lower & stocks are higher. But if the strength in equities continues, particularly if risk appetite increases as well, then we have to conclude that Bitcoin (and crypto as a whole) is going to participate in that upside. Maybe we're seeing early signs of that now... I don't know. All I know is that if the upside does occur, then BTC will break (and stay) above its key EMAs... and we aren't there yet, though we're getting closer. If I have to flip bullish again on BTC, based on objective data rather than a dogmatic "up only" narrative, then I gladly will.(Caleb Franzen)