I saw that the S&P 500 finally broke the $7,000 barrier this week. I mean, it's the first time it’s reached that level, and it seems like the momentum of stocks is coming back strong after a more stagnant period. At the same time, the crypto market is also showing signs of recovery — the total market capitalization (excluding stablecoins) is climbing back to around $2.2 trillion.

What’s most striking is that these two movements are happening together. The S&P 500 stocks have an RSI around 69, already approaching overbought territory, but still with room to go higher. Crypto, on the other hand, is a bit behind in this race — the crypto RSI is at 60, so it still has some momentum. The crypto market structure has also improved, with higher lows, suggesting that the previous dip might be over.

The interesting point is that crypto is closely following the S&P 500. When risk sentiment returns in traditional markets, capital shifts to riskier assets, and crypto benefits. Although no one knows if this will last, the alignment between the two markets shows that the macro environment continues to be the conductor of this price symphony.

So basically: stocks hitting record highs, crypto recovering, and everything pointing to a return of risk appetite. It’s not a guarantee of anything, but at least the sentiment has improved quite a bit.