quick market thoughts

think equities have more room to run in the following weeks, ai/infra/tech/select smallcaps
this drags btc along with it, but I'm already seeing weakness, lag, underperformance - I don't really see a "catch up" trade which would result in new highs or even 90k for btc like we usually see in early/mid bullrun periods. structurally and narrative wise we are in a bear market since October anyone denying that is a fraudster
most rallies are simply being propped up by equities correlation algos in tune with slightly overweight short positioning in crypto getting squeezed day-in-day-out resulting in slow grind higher
the moment we get over-valuation in equities, China meeting resolution combined with hot inflation data [hello oil shock] in May, I expect an unwind in equities and considering the power correlation dynamic right now, as soon as equities even sneeze it will nuke crypto to stone ages
positioning;
riding tech/ai/infra longs in equities
unloading some minor spot crypto alts that did well last few weeks
scalp longing btc with agressive tp to play corr algos
looking to close es longs and enter btc short sometime in may