5.1 Bulls Hanging by a Thread 1. $BTC found support at EMA20 and started to consolidate sideways. If the daily candle breaks below this level, it will signal the end of the current rebound and a return to the bearish trend. If it holds and moves upward, there’s a chance for one last short squeeze. 2. U.S. stock Q1 earnings are out: Google surged, while Microsoft and META took a big hit due to massive AI-related expenses. NVIDIA also dropped sharply due to competition from Google’s TPU chips. The market’s divergence on AI investments is starting to show.