I think $BTC is holding up well considering the biggest exchange in the industry was just hacked. On the weekly, we’re simply retesting Bitcoin's Adaptive EMA. During the previous cycle’s recovery after the initial breakout, Bitcoin found support around this EMA on the two pullbacks highlighted here before continuing higher. Those corrections were part of the recovery to new highs. We’re now seeing a similar test after the rally off the lows. The headline seems significant, but the weekly chart is basically doing what we’ve seen before. What we need to see now is buyers continuing to defend this area into the weekly close. So far, the pullback remains consistent with a higher low developing. Considering the circumstances, I find that encouraging.