Bitcoin has decoupled from the US stock market.
Today, the Nasdaq is down 0.83% and the S&P 500 is down 0.17%, but BTC is up 0.7%.
$BTC 64,961—it has held steady above 64,000 for two days.
Over the past month, BTC has been moving in lockstep with US stocks: stocks up, BTC up; stocks down, BTC down. Today it finally found its own rhythm.
Look at gold too—up 1.7% in a day. Money is clearly running into safe-haven assets.
But this time, BTC didn’t fall with US stocks. Instead, it rose alongside gold. The shift in between is subtle.
Fear index at 25, extremely fearful. Retail may not smell it, but big funds are already rebalancing.
HEI doubled in a day—up 119%. Altcoins are never short on stories.
ETH at $1,916, steady and building momentum, getting closer and closer to $2,000.
My take: BTC is starting to move independently, which could be an early sign of a trend reversal.
If the Nasdaq is down but BTC doesn’t follow, then when the Nasdaq rebounds, BTC could surge hard.
In the short term, expect range-bound action between 64,000 and 65,000. Holding above 65,000 is the add-to-position signal.
Overall bias is bullish—don’t let a drop in the US stock market throw you off.
$BTC
Today, the Nasdaq is down 0.83% and the S&P 500 is down 0.17%, but BTC is up 0.7%.
$BTC 64,961—it has held steady above 64,000 for two days.
Over the past month, BTC has been moving in lockstep with US stocks: stocks up, BTC up; stocks down, BTC down. Today it finally found its own rhythm.
Look at gold too—up 1.7% in a day. Money is clearly running into safe-haven assets.
But this time, BTC didn’t fall with US stocks. Instead, it rose alongside gold. The shift in between is subtle.
Fear index at 25, extremely fearful. Retail may not smell it, but big funds are already rebalancing.
HEI doubled in a day—up 119%. Altcoins are never short on stories.
ETH at $1,916, steady and building momentum, getting closer and closer to $2,000.
My take: BTC is starting to move independently, which could be an early sign of a trend reversal.
If the Nasdaq is down but BTC doesn’t follow, then when the Nasdaq rebounds, BTC could surge hard.
In the short term, expect range-bound action between 64,000 and 65,000. Holding above 65,000 is the add-to-position signal.
Overall bias is bullish—don’t let a drop in the US stock market throw you off.
$BTC
