#Bitcoin Weekly Chart Update:

Yesterday we finally filled the $BTC CME gap to the downside, resulting in a ~30% correction from January's ATH.  There is now a CME gap to the upside at ~ $86,545 that needs to be filled.

This is a normal/healthy correction in a bull run, and the best possible scenario for an extended run with a higher peak.  We will likely see more 20% - 30% corrections along the way.

Aggregated Open Interest is the lowest it has been since April of 2024 AND the funding rate ticked negative for the first time since September of 2024 before the breakout to ATH.

All things considered, low leverage long positions are looking really good here.  We should see alts start to bounce nicely as well.

Stay bullish my friends!
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