$BTC Seasonality of the past 4 years shows the #BTC remains strong from Jan to Apr.
Commitment of Traders show that institutions are still net long on BTC. #TLT (US 20Y Treasuries), a positive correlation to BTC, is not trending downwards in recent months. We need either TLT or BTC to trend upwards for a bullish case but not TLT trending downwards.
Monthly market structure still bullish. Price has retraced below 0.5 fib retracement within monthly Bullish FVG. Weekly, daily, and 4H Bullish FVGs nested within the monthly FVG. Tap and bounce + change of character to bullish on 4H + 4H FVG entry. SL below previous swing low, TP at 1D bearish FVG.
