I would not be bearish on the markets here.

Bitcoin is midway through a picture perfect setup that is about to launch us to new highs.

The chart says it all:

- Death Cross marking the bottom almost to the day

- Golden Cross marking the break of trend

- 7 day drop/consolidation after the Golden cross

- Completed retest of the breakout & launch into price discovery

In addition to this we just had the highest monthly close ever, and we are about to get a picture perfect Weekly close confirming a continuation on HTF structure.

Under the hood, BTC is looking incredibly healthy for a very big push:

- Large OI wipe out last few days

- Funding very low across the board

- Premium still deeply red

BTC could not look more ready to enter its parabolic phase.