# BTC is Nearing an Inflection Point 

_Are we still in a bear market rally?_

May 6, 2026 • Michael Nadeau

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# BTC is Nearing an Inflection Point

## Are we still in a bear market rally?

Michael Nadeau
 May 06, 2026

 Hello readers,

 BTC has now rallied 36% since hitting a low of $60k on February 5th. This is now the *longest* bear-market rally (in terms of days) recorded over the last two market cycles.

 Which begs the question.

 How do we know it’s still a “bear market” rally?

 We explore in this week’s edition of TDR Pro.

 Topics covered:

- [Futures & Spot Markets: Current Conditions](#futures-spot-markets-current-condit)

- [BTC Market Structure Update](#btc-market-structure-update) 

- [BTC vs Nasdaq Correlation](#btc-vs-nasdaq-correlation)

- [Closing Thoughts & Portfolio Management](#closing-thoughts-portfolio-manageme)

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 Let’s go.

# Futures & Spot Markets: Current Conditions

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