US stocks "lagged behind", and Bitcoin followed suit in decline.
The correlation between Bitcoin and US technology stocks has always been high. Recently, US technology stocks suffered a significant drop due to poor performance (the Nasdaq index fell by 2.8% in 3 days), and Bitcoin was also dragged down along with them. It's like two balloons tied together; if one falls down, the other cannot fly either. More importantly, expectations for the Fed's interest rate cuts have weakened - previously, it was thought that there would be frequent rate cuts, but now it's believed that it might take longer, and slower rate cuts mean less "cheap money", making risky assets like Bitcoin more prone to being sold off.
Today's Bitcoin Trading Strategy
sell：108000-109000
tp:107000-106000
sl：110000
The correlation between Bitcoin and US technology stocks has always been high. Recently, US technology stocks suffered a significant drop due to poor performance (the Nasdaq index fell by 2.8% in 3 days), and Bitcoin was also dragged down along with them. It's like two balloons tied together; if one falls down, the other cannot fly either. More importantly, expectations for the Fed's interest rate cuts have weakened - previously, it was thought that there would be frequent rate cuts, but now it's believed that it might take longer, and slower rate cuts mean less "cheap money", making risky assets like Bitcoin more prone to being sold off.
Today's Bitcoin Trading Strategy
sell：108000-109000
tp:107000-106000
sl：110000
Trade attivo
Wish you a wonderful day!
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.