Personally, I think it's disingenuous to say that crypto is making its first higher high in 6 months because it's just factually untrue.

This is $TOTAL ex stablecoins.

Within this broader regression channel, we've seen two prior developments of a higher high on a short-term basis.

It's the same as today.

The only reason why we don't call these "higher highs" is only because they failed to produce a long-term higher high, which means that we don't actually know anything yet.

This latest higher high is still not proven yet.

For all we know, we could be looking at this price action in 3 months and say "yeah, that wasn't actually a higher high".

I'll be clear: I'm bullish. I think this breakout has legs.

I'm simply pointing out the fact that this isn't the first higher high that we've seen in 6+ months... it's just that the prior higher highs failed to stick the landing.

Stay focused fam.

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