Bitcoin's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in the The Matrix for subscribers.
Secondary and primary trend alignment defines a power multi-month rally since 7/2015 (see The Matrix). Traders follow these trends as long as alignment and TIME permit.
While the tertiary (daily) trend is the most volatile and least influential of the fractal trends, it's generally the domain of short term traders. The tertiary trend, aligned up for the past 28 days, has moved beyond its cycle mid point. BuST = 0.6 defines upside alignment approaching one standard deviation (chart). Traders buying past the cycle mid point are no longer early, undisciplined (trade with bias), and should generally be ignored. The cycle of TIME is not a hard sell signal but rather a risk management tool. Traders should reduce risk as BuST rises. Readings above 1.96 define define an observation that exceeds 95%+ of the previous aligned up impulse. Anyone holding or, worse yet, buying BuST above 1.96 are betting this time is different. Maybe it is, but smart money does not consistently accumulate wealth buying these odds.
Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.