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The US stock market crashed, and Bitcoin along with $ETH also retraced. The $70,000 level for Bitcoin and $2,000 for ETH are the dividing lines. If they fall below, then this rally is just a trap!
Currently, the weekly chart of the US stock market shows a rounded top. As previously mentioned, the US stock market is like a landslide dam, oscillating at the top. Bitcoin first dropped sharply. If the US stock market begins a monthly-level correction later, then Bitcoin won't just be starting with a 5!
Now, the war between the US, Israel, and Iran could trigger a black swan event. Tomorrow night’s non-farm payroll data and the Federal Reserve interest rate decision on the 19th—could they be the moments of a big plunge?