The Fed's going to keep unwinding its balance sheet till September, expect maximum pain in the stock market as well as the crypto market. China just reopened the Mining ban chapter, US China trade talks situation unlikely to resolve soon.
All according to plan
If this guy forms a gravestone doji on the daily, he ded.
Take some profit. It could bounce up from here.
The SP500 looks like it will begin moving lower, I agree. But the connection to crypto isn't predictable enough to know if it will be correlated in parallel, or inversely, or not at all. Crypto was going down for most of 2019 and 2018 and stocks were going up. Now when stocks go down, crypto should go down? Maybe. I think going short crypto here is contrarian though. Good luck.