$BTC basing around its key price zone: the short-term holder cost basis. Coming down, testing this area, and then bouncing back up would suggest the secular bull market remains intact.

MACD appears to be bottoming out, suggesting that downward momentum is weakening. $BTC

The short-term holder supply in profit/loss ratio has reset to its ‘Break-Even’ level. My view: a healthy sentiment reset, with bulls stepping in to defend the short-term cost basis (for now). $BTC

Operation Vaulted Price (now $143K) continues without disruption. $BTC

MSTR price zones: The data supports the sentiment. Long-term believers in Saylor and the strategy are probably seeing relative value here.

"Implied volatility - it's just rock bottom. The market is not expecting a big move from bitcoin. I don't know if this is the new dynamic, but I have this feeling that bitcoin is going to rip people's faces off. It could be in either direction … my feeling is that this is not a

$BTC has drifted away from the Oversold short-term holder MVRV Bollinger band, now entering the “Cooled Off” zone. Base case is that the market has the fuel it needs to make a move + on-chain says market is illiquid + STH-SOPR sharp recovery back above 1.0 + shorts getting

The quants will continue to monitor “The Handoff” — scuttlebutt says ignition is scheduled for September 15. Have a great weekend. $BTC

For the first time since July, MACD is close to flipping green - a sign that positive momentum may be returning for $BTC.

Shorts were delevered (per our magic red dot) on the recent squeeze to $116k. Would like to see shorts double down here and continue to get squeezed, providing more fuel for bitcoin’s inherent number go up technology. $BTC

The blue appeals to me. $BTC

The short-term holder MVRV guardrails: Nice to see the sth cost basis defended and the upper band continue to drift higher, now at $147,000. $BTC

Bitcoin’s choppiness index has refueled and now has a full tank of gas for its next move. This suggests that when the next move begins, there’s plenty of fuel to sustain the trend. $BTC

Waking up to a green MACD today. $BTC 🍿

The $BTC Bollinger Bands are essentially the tightest they’ve ever been. Volatility soon.