Just a reminder that Bitcoin is not a separate world or planet. Its attached to dollar and stocks market. If dollar is rising and stocks fall, so does Bitcoin. If stocks bounce, so does Bitcoin.
Right now DXY making new HH which means that it is potentially reversing back up from downtrend it was in since March 2020. Stocks same as BTC were growing on government money-printer. Possible now is the time for retracement.
Note of bullishness - Bitcoin day chart look better then stocks. Until it drop below 43k there is a chance for consolidation stage which may sooner or later end up with bullish breakout towards 100k.
But if it goes 43k things will be very bad. Always trade only a small portion of your vault.
#SPX500 #Stock #BTC
Right now DXY making new HH which means that it is potentially reversing back up from downtrend it was in since March 2020. Stocks same as BTC were growing on government money-printer. Possible now is the time for retracement.
Note of bullishness - Bitcoin day chart look better then stocks. Until it drop below 43k there is a chance for consolidation stage which may sooner or later end up with bullish breakout towards 100k.
But if it goes 43k things will be very bad. Always trade only a small portion of your vault.
#SPX500 #Stock #BTC