The First Championship is the Hardest 🏆

History is full of firsts. In the world of sports, hoisting any championship trophy is a surreal feeling. But unfortunately, it’s always short lived. You’re always thinking about what’s next. This is how dynasties are built; never resting on your laurels, in constant pursuit of greatness. I’m reminded of my own Super Bowl win and even worse, our loss. Don’t remind me.

In better news: This is the first time Bitcoin closed above previous all time high prior to the halving. Historically, Bitcoin has closed above the all time high only AFTER the halving. What does this mean? This cycle is different, there are no guarantees. Perhaps we do have a correction, it is certainly possible, but as always… we’re playing the long game.

-RO

Market Analysis

Weekly View

Halving Prelude: Bitcoin's All-Time High Break and Bullish Potential

In the weekly overview, Bitcoin made history by closing above its all-time high for the first time, a significant event occurring just before the Bitcoin halving. Historically, sustaining this achievement for two weeks often signals the start of a new bull phase. The question remains: Will history repeat itself? As we await the answer, be prepared for increased market volatility and possible pullbacks. Traders and investors should stay cautious and attentive during this crucial period.

Daily View

Daily Insight: Bitcoin's Flush Candle and Trader Adjustments

In the daily view, Bitcoin had a significant event last Tuesday—a flush candle that liquidated over leveraged traders before rebounding. The increased volatility suggests more of these events and candles with big wicks. Expect ongoing market unpredictability, and traders should stay alert and adapt strategies to navigate these fluctuations successfully.

Weekly Statistics

Bitcoin Market Cap

Bitcoin Dominance

Disclaimer: The information provided in this newsletter is for educational and informational purposes only. It should not be construed as financial advice or a recommendation to buy, sell, or hold any financial instruments.