A small update regarding the situation of BTC but also the market in general. I talked last week and generally all of last month about how important the daily trend was, motivated by the fact that every serious movement, including uptrends, was a consequence of a bounce and loss of the daily trend. Nothing has changed indeed, yesterday following a short squeeze we retested it from below and got rejected very badly. At this point, I have many elements and I can confidently say that we will test the weekly trend, at least that’s what always happens when the daily is lost after all the historical tops of Bitcoin within my trend system. Currently, this trend is around 99k (dashed yellow line), it should provide a bounce. Ethereum is very close to that line which is at 2360 but I would wait a moment before doing knife catching on Ethereum. Fartcoin is a run for the exit and has lost any structure, I don’t see substantial supports until 0.7. Virtual is a run for the exit and anyone controlling it has done a great job painting this scam price action for the second time and ultra dumping as soon as there’s a bit of red. I scanned a bit of altcoins this morning and currently, the most interesting and closest to some HTF that should provide some sort of bounce are Tao, Pepe, Ethereum. A separate discussion for $Sei which is facing a nice short squeeze that could take it to 0.3 in a moment. For the rest, it seems to me that any long swing beyond the mentioned coins is quite premature and a dangerous attempt at knife catching, I would still wait for BTC to touch the yellow line before talking about any swing. $Sei could entertain us. Last mention for SPX500 which for the first time confirms the loss of the daily trend, never lost since April 22. A hug. Cappuccino.