Not really. I think bulls are getting greedy. They are now piling on longs. I think the next leg up is going to squeeze out the last of the early shorters and trap lots of bulls who think we are in a new impulsive uptrend. Then I think we'll see a significant correction to this month long relief rally. I could easily see a push into the $8,000s before a flush to the $5,000s.
I think those scalpers also tried to be even more patient/greedy, but when it was clear 7450 was going to be a problem lasting beyond days, they just said fck it, let me take my 10%/20% quick gains, hope it tumbles down for re-entry at 6800, and bite it down.
They got what they want, so far, and we're looking at another slow ascent to yesterday's levels. THIS should be the trap, and pre-halving, it won't look like it.