Huge rally on the news that greyscale has won their case against the SEC, clearing a path towards the BTC spot ETF. Obviously the market reacted very well to this news and reached $28,150.
However, this is still a lower high on the HTF, which confirms we are going into a downtrend which lends itself to the theory of dropping down towards yearly open. IF we don't continue to climb higher I think this confirms it.
Also, if we can remember back to the SEC VS XRP case, we saw XRP pump massively and it has since retraced entirely after that good news. I personally think this pump is for fading as of now.