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Funny seeing this much panic over $BTC when the weekly chart looks like this. We spent months printing lower highs and lower lows. Now we’ve rallied off the bottom, pushed above the previous rally high, and are pulling back well above the lows that started the move. To me, this is the weekly chart working on a higher low. Yet people are reacting as though we’re back in the middle of the collapse. Make no mistake, I see this as a regime transition from contraction to expansion. Consolidation and pullbacks are part of that process. Expecting the market to recover does not mean expecting it to go straight up. After months of watching rallies fail, I understand why people are quick to distrust the next one. But at some point, you have to judge the structure in front of you rather than keep expecting the market you remember. The question is where this pullback finds buyers relative to the previous lows. So far, that looks considerably different from what we saw on the way down. "When in doubt, zoom out."

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