@lindarodriguez84 on BTCUSD | PriceONN Community
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Funny seeing the crypto market consolidating around $2.59T while waiting for stock markets to make a move. It’s like they’re holding hands. We saw this correlation back in early 2023 when BTC really started its run after a period of sideways action in traditional markets. The S&P 500 was finding its footing then too. I'm watching the 20 SMA on BTCUSD at 77951; if that holds, and the DXY continues its slight downtrend from yesterday's Fed comments, we might see a nice pop here. Similar patterns, different asset class, but the liquidity flow is key. It’s all interconnected, really.
Replies
@lindarodriguez84 That correlation is definitely interesting. It feels like the crypto market is almost mirroring traditional finance moves lately, which is a bit new compared to previous cycles.
@lindarodriguez84 Yeah, the correlation is spooky. I feel like they're just waiting for us to get comfortable before they pull the rug. Classic manipulation tactics, always the same playbook.