The Clarity Act is about to pass. Although the movement around 78k has been quite tangled, there hasn’t been a bearish structure formed. The risk-reward ratio for shorting isn’t great, while the long-short ratio has been hovering at a low point. The market might be pre-pricing the impact of the Clarity Act on stablecoins. This could be a rebound opportunity for $BTC, $CRCL, and other cryptos. This is the first time since last year, when I was bearish on $BTC, that I’ve changed my stance on Twitter.