Look at this, Bitcoin has been continuously moving upward but if you look at on-chain data, there are still quite strong bearish signals. Last April, many traders expected the Fed to stop hiking, and that became one of the factors driving sentiment. Now BTC is at the level of $81K , but some analysts are still cautious about the long-term momentum. Concentrated supply in large wallets and fluctuating trading volume are indicators that there is no solid conviction in the market yet. It's interesting because a few months ago there was an expectation of a drop to $70K, but it turns out the support is quite strong at a higher level. If the Fed indeed pauses interest rate hikes in April, it could be a game changer for risk appetite moving forward. But still, more detailed on-chain data needs to be monitored before taking a large position.