It's crazy, it's crazy, U.S. stocks are soaring! Will Bitcoin follow suit passively? Here's what to do now, check it out quickly.


1. Last night, U.S. stocks dropped a big bomb, with major tech companies' revenues exceeding expectations, and the stock market hit a new record high. 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 Bitcoin do?
2. The correlation between the crypto market and U.S. stocks is still quite good. With U.S. stocks so strong, Bitcoin also rose slightly, but the increase wasn't large, seeming more like a passive follow-up. In the face of a U.S. stock bull market, the lack of volatility in the crypto market is actually a typical bear market characteristic.
3. Compared to that, Bitcoin's performance is still relatively good. ETH and SOL haven't even reached previous highs, and Sol's rebound hasn't even reached the high points of March, showing some weakness. When U.S. stocks rise significantly and then pull back, the crypto market is likely to experience a larger correction.
4. Currently, Bitcoin's resistance is around 77,000 USD. 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 take too big steps yet; take profits when there's decent profit. Because if U.S. stocks remain strong, Bitcoin will also find it difficult to drop sharply for now. Wait until the U.S. stock market's momentum passes. It seems we're back to our favorite wave-trading phase again.
BTC1.25%
ETH0.59%
SOL-0.55%
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