Trend-following works, whether you like it or not. So when we look at Bitcoin, we see the following: • 21-day EMA above 55-day EMA above 200-day EMA • Price is rebounding on the 55-day EMA (once again) • Breakout, retest, rebound on pink zone worked • B, R, R on orange level worked Generally speaking, these are setups that work during uptrends. Then add on the basic fact that we continue to make higher highs and higher lows (the literal definition of an uptrend), and I don't know how you can have a bearish bias here, UNLESS you decide to fight trends. Only once we see material weakness and trend deterioration will I concede that the structure is leaning bearish. This is how I was able to stay omega-bullish since mid-April, once we reclaimed 85.7k (price > EMA band). But hey, I decide to be simple and trust in trends, align with them, adjust when necessary, and use them as a wind in my sails as an investor. If that's not your style, so be it.(Caleb Franzen)