Let’s recap this news flash:
① What happened: Glassnode: Bitcoin’s correlation with the S&P 500 reached 0.8, its highest level since 2020.
② Why it matters: It doesn’t indicate a strong directional trend, so its direct impact on prices is limited, but it can affect expectations for what comes next.
③ What I’ll watch: Whether the intraday highs and lows get tested repeatedly, and whether sentiment catches fire or quickly fizzles out.
④ How I’ll respond: Stay put and wait for the next piece of news.
At the end of the day, $BTC is currently at 75973.68, up 0.45% over 24h, with an intraday range of 74888 ~ 76378.
What kind of signal are you waiting for before making a move?
#BTC
① What happened: Glassnode: Bitcoin’s correlation with the S&P 500 reached 0.8, its highest level since 2020.
② Why it matters: It doesn’t indicate a strong directional trend, so its direct impact on prices is limited, but it can affect expectations for what comes next.
③ What I’ll watch: Whether the intraday highs and lows get tested repeatedly, and whether sentiment catches fire or quickly fizzles out.
④ How I’ll respond: Stay put and wait for the next piece of news.
At the end of the day, $BTC is currently at 75973.68, up 0.45% over 24h, with an intraday range of 74888 ~ 76378.
What kind of signal are you waiting for before making a move?
#BTC
