Bitcoin and other leading cryptocurrencies are showing signs of life, with momentum improving enough to suggest that the countertrend rally has staying power. Crypto-related stocks such as Bitcoin mining companies and financial companies are correlated with Bitcoin and are similarly rising from a technical perspective. Strategies, the world’s largest Bitcoin treasury, has seen a significant rebound over the past month, with long-term indicators such as the monthly MACD expected to rise. The monthly MACD histogram shows that downside momentum is being lost, which could be an early sign that a bearish cycle in stocks is maturing. If monthly stochastics recover above 20%, similar to early 2023, there would be further confidence in a long-term low. For investors who have a long-term view and can weather short-term volatility, the indicators suggest it may be time to start building a position in MSTR. For short-term oriented traders, MSTR also looks attractive. The medium-term trend has turned positive since support was found near the previous low. The weekly MACD rise follows timely countertrend signals from the still active DeMARK Indicators®. This increases the likelihood of further upside follow-through in the coming weeks towards the next major resistance at the $222-$232 zone, defined in part by the 200-day moving average (MA). Investors can refer to the 50-day MA as a trailing support gauge for setting stop losses. Bitcoin miners are experiencing a similar turnaround, as evidenced by ETF proxy WGMI. Cipher Digital (CIFR) and IREN Ltd. (IREN) are the ETF’s largest holdings, accounting for over 30% of the fund’s weight. WGMI has broken out of its January high near $52 on strong medium-term momentum, suggesting that the uptrend could continue over the coming weeks. The long-term trend is positive as the price is above the weekly cloud, clearly distinguishing WGMI from related assets. Forecasting the breadth of the previous range creates an upside target along the final resistance level from October around $68. The improved sentiment towards Bitcoin has also spilled over into crypto stocks, with both treasury companies and miners displaying healthier technical positions. MSTR and other large-cap Bitcoin stocks are well-positioned for further follow-through in Q2, so we view the decline as an opportunity to add exposure. —Katie Stockton with Will Tamplin Get free access to Fairlead Strategies research here. Disclosure: None. All opinions expressed by CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, its parent or affiliates, and may have been previously disseminated on television, radio, the Internet, or another medium. This content is provided for informational purposes only and does not constitute financial, investment, tax, or legal advice or a recommendation to purchase any securities or other financial assets. 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