U.S. stocks rose across the board tonight, with the Nasdaq up +1.77%, the S&P up +1.14%, and the Dow up +1%.
The VIX, the fear index, is only 16—market sentiment is through the roof.
BTC also moved along: it jumped from 62,300 to 63,993 in one go, up by 1,700 points.
U.S. stocks open at 21:30, but BTC started rallying at 21:00—just think about that timing.
This correlation isn’t a coincidence. BTC has been tracking U.S. stocks.
$BTC 63,835, it’s up, but honestly, the momentum isn’t enough.
Nasdaq’s +1.77% is from today, while BTC dropping from 66,956 to 62,300 is what happened over the past ten days.
The U.S. market is all red-hot, while BTC is still clawing its way out of the pit slowly.
The fear index is 28, which is totally different sentiment from the U.S. market’s VIX of 16.
U.S. stock investors are celebrating, but the crypto market is still in fear. The gap itself is an opportunity.
BICO is actually going crazy—up 52% in a day. Altcoins are never short of gamblers.
But on the mainstream coin side, ETH is only up 0.6%, and SOL hasn’t moved. Money hasn’t fully flowed back yet.
My take: in the short term, stay slightly bullish following the U.S. market, but don’t get too optimistic.
BTC needs to reclaim 64,000 with volume to call it a trend reversal.
Until then, just treat it as an oversold rebound. A pullback to 62,800 that doesn’t break can be a short-term entry.
If U.S. stocks close tonight at high levels, the crypto market may see a second wave tomorrow.
$BTC
The VIX, the fear index, is only 16—market sentiment is through the roof.
BTC also moved along: it jumped from 62,300 to 63,993 in one go, up by 1,700 points.
U.S. stocks open at 21:30, but BTC started rallying at 21:00—just think about that timing.
This correlation isn’t a coincidence. BTC has been tracking U.S. stocks.
$BTC 63,835, it’s up, but honestly, the momentum isn’t enough.
Nasdaq’s +1.77% is from today, while BTC dropping from 66,956 to 62,300 is what happened over the past ten days.
The U.S. market is all red-hot, while BTC is still clawing its way out of the pit slowly.
The fear index is 28, which is totally different sentiment from the U.S. market’s VIX of 16.
U.S. stock investors are celebrating, but the crypto market is still in fear. The gap itself is an opportunity.
BICO is actually going crazy—up 52% in a day. Altcoins are never short of gamblers.
But on the mainstream coin side, ETH is only up 0.6%, and SOL hasn’t moved. Money hasn’t fully flowed back yet.
My take: in the short term, stay slightly bullish following the U.S. market, but don’t get too optimistic.
BTC needs to reclaim 64,000 with volume to call it a trend reversal.
Until then, just treat it as an oversold rebound. A pullback to 62,800 that doesn’t break can be a short-term entry.
If U.S. stocks close tonight at high levels, the crypto market may see a second wave tomorrow.
$BTC
