For #bitcoin price to rally with conviction we need an alignment of three elements (🟢green areas) : 🟠 Market Sensitivity: 📈 bitcoin correlation with Macro and On-chain activity. ⚪️ Network Activity: ⬆️ Network Growth and ⬆️ Network Liquidity. 🔵 Risk off Signal: ⬇️ Risk signal or at 0. Indicating falling or small chance of capitulation.