The OTS indicator just printed a 2-week "trail flip" for the first time in ~2 years. It won't fully lock in until the 4th. Historically, this signal has preceded a ~50% decline in each of the last 3 cycles. I'm hoping this cycle is more gentle with us, but it's further locking in probabilities of downside.
I really pictured the bitcoin bull run looking more like Silver and Gold instead of 3 narrative moves over 3 years followed by months of chopsolidation.