This is looking so much healthier.

There are a lot of people still sharing the 2022 fractals, and also comparing this price action to what happened back in January.
But under the surface things are looking much stronger here.
Let's compare the two situations.
In January we had:
- Price pushing above the resistance
- Funding highly skewed positive(longs)
- Open interest building gradually
- Coinbase in deep negative premium
That was a very weak price push built on leverage without any foundation and lots of selling pressure.
What is happening now is very different:
- Price has pushed above HTF structure with 1D close
- Funding highly skewed negative(shorts)
- Open interest flat
- Coinbase premium staying positive even on dips
This is a much stronger price push built more on spot volume and with a stronger foundation.
This time around we also have a quadruple buy signal on the Relative strength index, which we did not have last time.
We will likely get some slight pullbacks...
But I don't think this rally fails like the others.