The ratio of 30-year Treasury bonds to Bitcoin has based and broken out. This is a thing of beauty.
I think ZB can bounce up to the 140 area which would be a backtest of the 20-year support line broken in April. I think the ratio looks like it could get to between 20 and 80, seen more clearly in the arithmetic chart:
This gives a range for BTC between $2800 and $11200 assuming ZB hits the 140 area. Zooming out a big, this chart is telling me long-term bonds are going to extend their rally and speculative assets will crater. The bear is emerging from a month-long hiatus. Resumption of downside in financial markets could begin any day now.