Crypto Euphoria Is Back, But Should It Be?

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📈 Bitcoin is back above 90k and the crowd is cheering again: moons, 150k by summer, non-stop hopium.
But is the overall picture that bullish? Not even close.

📊 Looking at the Total Market Cap chart:

- After that long November to late February consolidation, Total finally broke below the 3T support

- We retested the break and new local lows followed

- The recent bounce? Looks corrective, not impulsive

- And we’re still trading below 3T and with good percentages

Conclusion:
I’m not buying into the hype.
In fact, I’m expecting a new leg lower – possibly all the way to 2T

📌 Trading Focus:
Shorting Solana and ETH

Penafian

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