The S&P index moved from bullish to bearish as expected last week, with a large weekly candlestick breaking below the bullish support zone and the upper consolidation range.
1. The US stock market has entered a bear market, with indices down by more than 20% and individual stocks down by more than 50%.
2. BTC topped earlier than the US stock market, but the bottom typically aligns with the US stock market. BTC at 60,000 is similar to 30,000 in the previous cycle, and it is still far from the bottom.
1. The US stock market has entered a bear market, with indices down by more than 20% and individual stocks down by more than 50%.
2. BTC topped earlier than the US stock market, but the bottom typically aligns with the US stock market. BTC at 60,000 is similar to 30,000 in the previous cycle, and it is still far from the bottom.
