"Bitcoin is doing nothing while stocks surge"

I get the frustration.
But you need to recognise that Bitcoin has dropped far lower than stocks from its highs, and broken a lot more structure.
It doesn't matter how bullish stocks/the macro is, bitcoin will not just one shot giga candle punch through all of the resistance it now has above it.
Right now we have:
- True market mean at $79k
- STH cost basis at $78k
- 1W 50EMA at $86k
- 1D 200EMA at $82k
- 1M Bull market support band at $78k
These are all very strong and key resistance levels and it takes time and multiple attempts to do so.
But right now, we are consolidating below them, building the energy and resetting metrics to have another go at it, after already securing some important levels:
- Break of 6 month downtrend
- Reclaim HTF structure
- Reclaim 1W Bull market support band
- 1M Supertrend holding with 3x closes above
Bitcoin is now inbetween what it has reclaimed, and what it hansn't.
So do not mistake this price action for weakness...
This is actually exactly what we would want to see here, with Bitcoin building energy to get above $86,000 and clear all the resistance.
If we do that, it is clear skies back to new highs and things will accelerate fast.
Everyone has forgotten just how Bitcoin is the fastest horse in the race by a mile, once it moves.
And once these levels are reclaimed, move it shall.
So until we lose the levels below that we have reclaimed already, we are bullish here and working our way through the reversal.
But this is normal PA for the position we are in, so dont mistake it for weakness.
Weakness would be losing all the levels we have recalimed already.
For now, we are building strength with the most favourable macro backdrop we have had in years.