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Preston S's avatar

Hey Paul, looking forward to the analysis this week. Quick question: BTC retested $80,672 from above this evening and held cleanly, bouncing nearly $2,000 off that level. Given the significant overhead supply in that region (short-term holder cost basis, accumulation zones from before the breakdown to $60K, holders who rode through the Feb 5 lows now looking to exit), was BTC ever realistically going to blast through that level impulsively? Isn't a clean retest and hold from above actually strong PA, and could BTC need to grind through this supply zone before it moves impulsively β€” potentially ruling out the new low scenario altogether? Thanks!

l.b's avatar

Hey Paul,

I have a quick question.

I was looking at the daily RSI on all the assets we’re tracking, and I noticed that most of them look pretty stretched to the upside.

Do you think we should expect a small pullback before the next move higher?

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