Key observations from yesterday:

1. $BTC price action

▶️ $BTC did not break down as most KOLs predicted but maintained a range as we discussed yesterday. There's a good chance that we might get a bearish summer but it still remains +EV to stay bullish

2. Strength of DeFi coins

$Aave up 20%, $CRV up 10% while $FXS is also up shows strength in a lot of these core DeFi projects and interest which might see another resurgence

3. $ETH and altcoin strength

$ETH and alts strength suggest that the market is still in risk on mode with dips being eaten up quickly. This also aligns with favorable stock market conditions.