My view on the Bitcoin market flow remains largely unchanged. The focus right now is simply on how long this short-term upward structure can be sustained, and what narratives or expectations are being crafted within that frame. Whether we see additional upside from here or the sideways period extends further is not particularly significant in the current context. From my view, this movement is not a reversal into a long-term bullish trend. For this reason, I have no new detailed analysis to release at this time. To be blunt, the former scenario I expressed concern about on April 1st is playing out exactly as expected. In this case, the subsequent downward shock becomes inevitably larger. While it might have been better for prices to drop swiftly earlier, the current trend continues to generate false hope and justifications which, in my view, significantly increases the likelihood of a much larger shock following afterward.(mignolet)