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$BTC Crazy, crazy, the US stock market is soaring! Will Bitcoin follow passively? Here's how to operate now, take a look quickly.
1. Last night, the US stock market erupted with a big nuclear bomb, with major tech companies' revenue exceeding expectations, setting a new record in market value. Among them, Google surged 10% in a day, just 5% away from surpassing Nvidia to become the world's most valuable company. So, what will happen to Bitcoin?
2. The correlation between the crypto world and the US stock market is still quite good. With the US stocks so strong, Bitcoin also slightly rose, but the increase wasn't large, seeming more like passive follow-up. In the face of a US bull market, the lack of volatility in the crypto market is actually a typical bear market feature.
3. Compared to that, Bitcoin's performance is still relatively good. ETH and SOL haven't even reached previous highs, and Sol's rebound is even less than the high point in March, showing weakness. When the US stocks rise significantly and then pull back, I think the crypto market will start a larger correction.
4. Currently, Bitcoin's resistance is around 77,000. We previously took profits on our short positions, and now that it’s rebounding, I think it's a good opportunity to re-enter. Don't step in too aggressively; take profits when there's decent profit. Because if the US stocks remain strong, Bitcoin will also find it difficult to drop sharply for now. Wait until the US market's momentum passes. It seems we are back to our favorite wave trading phase now.
5. Additionally, Shuqin has to say, AI is extremely hot right now. As shown in the picture, the most popular Google has already skyrocketed. Shuqin bought 3 million GOOGL shares, and in half a month, earned over 1 million. It's really incredible. Congratulations to the investors who followed my layout. And the crypto market shouldn't rush either; by the end of the year, a bull market will also arrive. Just follow my aggressive operations~$GOOGLX