If SPX fails to hold support, BTC will also tremble in the short term, so don't rush in.

SPX-0.64%
BTC1.61%
View Original
ELIX
Lower highs are starting to matter.

Momentum is fading for $SPX

▸ $SPX is trading below a descending trendline.

▸ Price is testing around 7,487 after rejecting near 7,510.

▸ The next key support sits around the 7,420 zone.

What stood out to me is the repeated rejection from lower highs.

That usually signals buyers are losing control unless support holds.

If $SPX loses support, risk assets including $BTC could face short-term pressure.

#GUSDYieldRisesto3.8% #TrumpDeclaresEndToUSIranCeasefire
repost-content-media
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned