Far from it.

Five consecutive days of red candles, liquidations on the long side, Michael Saylor buying another $2 billion in assets, and there's no momentum at all taking place.

There's still an outstanding CME gap at $79,100 waiting for the markets to be filled.

That's also the crucial area to break through in order to be getting back some momentum in the markets, as it's currently facing a crucial resistance zone for support.

If this are doesn't hold, then we're most likely cascading through the lows of the recent rally and test <$65,000 for support.

- Oil continues to rally upwards, Brent currently trading at $107.

- Yields are back up again, causing the indices and Gold to go down. Japan made a new high today.

Neither of these are progressive for risk-on assets (including Bitcoin), which means that we clearly need to see those reverse in order to see strength pouring back into the ecosystem.