Not here to predict the future, just here to point out for a good possibility of price action that BTC MIGHT Print in upcoming days...
------------ My reasoning :- 1) SPX due for a relief rally :-
2) Nasdaq Due for a relief rally :-
3) DXY should head lower based on local market structure it is printing :-
--------------- WHY i said this is worriful for CRYPTO asset for LONG TERM ?
Because of this :-
This is not a financial advice. This is just my speculation and i would appreciate if anyone has any feedback regarding this idea. Enjoy everyone. Trade Safely.
I will update this idea with more reasoning shortly.
agree with your analysis on SPY QQQ relief bounce and DXY drop, i just don't see any scenario that DXY crashes and QQQ bounces doesn't translate to a BTC bounces. Their correlation has becomes extremely strong over the last 2 years
StunnerStock
⋅
@louistran_016, Appreciate your comment. Let's see how it goes. Also, by no means idk if it is the bottom or not. But, there is good chance BTC should be going upto 46k-50k. High Possibility but never know what market can do.