My rules for getting re-bullish on Bitcoin are different today than they were in April 2025 because we are in a completely different regime. In April 2025, Bitcoin defended the 2-day 200 MA cloud. So the rules were: get bullish above the 21/55/200-day MA. That breakout happened at $85k and ran to $126k. In other words, we didn't need to tick the April 2025 lows to make money... we just needed to wait for uptrend confirmation. Today, Bitcoin broke below the 2-day 200 MA cloud. So the rules are: get bullish above the 2-day 200 MA cloud. Whenever that breakout occurs, I'll interpret it as a bullish signal and expect a similar "beachball underwater" type of move. But we aren't there yet... It's really this simple.(Caleb Franzen)