Although BTC pulled back again last night, it’s still looking pretty weak from its current position. Just look at the chart, it’s obvious: - NASDAQ has already returned to its 11/13 levels. - BTC was at 103K back then. - Now, BTC is still struggling around the yearly opening price, near 93K. In comparison, BTC is lagging behind U.S. stocks by over 10%. While U.S. stocks have already hit new short-term highs, BTC is just starting to recover from its drop. The strength difference between the two is super clear. That said, the fact that BTC can drop 5% in a day and bounce right back shows there’s still some flexibility in the market. Maybe Musk’s influence is making BTC around 90K look a bit more appealing. Looking ahead, the 93K-95K range has massive resistance, with lots of trapped positions from last month’s dip buyers. No plans to chase the highs here.