Bitcoin's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.
The computer tracks $GBTC, but don't worry, the cycles are the same. Cycles don't care about the 20% premium.
The Evolution of the Trade (EOT) has been telling subscribers (us) that a daily RESET is due. Resist the urge to enter gunslinger mode (emotional trader), because the RESET is being driven by TIME. The professional observation, generally taught by pain, "when TIME expires, price follows" applies right now. Bitcoin has been a NO PLAY expect for holding the core long position for weeks.
The latest Bitcoin review provides a visual perspective of how the EOT works. We follow the EOT to prevent pain as becoming the primary teacher. The EOT requires the Matrix and a subscription, but it's worth the time, effort, and money.
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Market-driven money flow, trend, and intermarket analysis is provided by an Access Key.