The Nasdaq opens tonight. Futures are under slight pressure before the bell, and tech stocks are taking a breather after rallying last Friday.
🎯 There’s just one key thing to watch:
Can the Nasdaq hold support near last week’s high?
✅ If it holds → risk sentiment continues to recover
❌ If it doesn’t → crypto will likely weaken in the short term
💰 BTC is currently fluctuating around 86,000, while ETH is in the 2,710–2,730 range.
Both remain positively correlated with the Nasdaq in the short term. Elevated U.S. Treasury yields (5.26%+) remain the main headwind.
👀 I’m watching two things closely tonight:
1️⃣ Where the money flows in the first half-hour after the Nasdaq opens
2️⃣ Whether BTC can stay above 86,000
📌 My take: I’m cautious and staying on the sidelines until the market direction is clearer after the U.S. open.
I’ll post an update as soon as anything moves 🔥$BTC $ETH
🎯 There’s just one key thing to watch:
Can the Nasdaq hold support near last week’s high?
✅ If it holds → risk sentiment continues to recover
❌ If it doesn’t → crypto will likely weaken in the short term
💰 BTC is currently fluctuating around 86,000, while ETH is in the 2,710–2,730 range.
Both remain positively correlated with the Nasdaq in the short term. Elevated U.S. Treasury yields (5.26%+) remain the main headwind.
👀 I’m watching two things closely tonight:
1️⃣ Where the money flows in the first half-hour after the Nasdaq opens
2️⃣ Whether BTC can stay above 86,000
📌 My take: I’m cautious and staying on the sidelines until the market direction is clearer after the U.S. open.
I’ll post an update as soon as anything moves 🔥$BTC $ETH