Bitcoin and other large cryptocurrencies are showing signs of life, with momentum having improved enough to suggest their counter-trend upmoves have staying power. Crypto-related equities, like bitcoin miners and treasury companies, are correlated to bitcoin and have similarly strengthened from a technical perspective. Strategy , the largest bitcoin treasury company in the world, has seen a significant rebound over the past month associated with promising upticks in long-term indicators like the monthly MACD. The monthly MACD histogram shows a loss of downside momentum that could be an early indication that the stock’s bearish cycle is maturing. We will be more confident in a long-term low once the monthly stochastics turn back above 20%, similar to early 2023. For investors with a long-term time horizon who can weather short-term volatility, the indicators suggest it may be time to start building a position in MSTR. For traders who are shorter-term in their orientation, MSTR looks attractive as well. The intermediate-term trend has flipped positive since support was discovered near previous lows. The rising weekly MACD follows timely counter-trend signals from the DeMARK Indicators® that are still active. This increases the likelihood of additional upside follow-through in the coming weeks toward next major resistance in the $222-$232 zone, defined partly by the 200-day moving average (MA). Investors can refer to the 50-day MA as a trailing support gauge for stop-loss placement. Bitcoin miners have seen similar turnarounds, 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 weighting. WGMI has cleared its January high near $52 on positive intermediate-term momentum, suggesting it can continue to trend higher over the next several weeks. The long-term trend is positive as price is above the weekly cloud, which differentiates WGMI positively from related assets. Projecting the width of its former range generates an upside target in-line with final resistance from October, near $68. Improved sentiment in bitcoin is filtering through to crypto equities, with both treasury companies and miners showing healthier technical setups. We would view pullbacks as opportunities to add exposure to MSTR and other large bitcoin related stocks given they are well-positioned for additional follow-through in Q2. —Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . DISCLOSURES: None. All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, or its parent company or affiliates, and may have been previously disseminated by them on television, radio, 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 BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL’S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer. Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC (“Fairlead Strategies”) for informational purposes only. This material is for illustration and discussion purposes and not intended to be, nor construed as, financial, legal, tax or investment advice. You should consult appropriate advisors concerning such matters. This material presents information through the date indicated, reflecting the author’s current expectations, and is subject to revision by the author, though the author is under no obligation to do so. This material may contain commentary on broad-based indices, market conditions, different types of securities, and cryptocurrencies, using the discipline of technical analysis, which evaluates the demand and supply based on market pricing. The views expressed herein are solely those of the author. This material should not be construed as a recommendation, or advice or an offer or solicitation with respect to the purchase or sale of any investment. The information is not intended to provide a basis on which you could make an investment decision on any particular security or its issuer. This document is intended for CNBC Pro subscribers only and is not for distribution to the general public. 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