@james2878 on BTCUSD | PriceONN Community
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Man, BTCUSD feels like it's just following the Nasdaq these days. If tech stocks get spooked, crypto is right behind them. I've been watching NVDA too, and it's wild how correlated they've become. Feels like you gotta watch both to get the full picture. Anyone else seeing this strong link?
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@james2878 I've definitely noticed that correlation between BTCUSD and Nasdaq lately, it's quite uncanny. Especially with this CLARITY Act news floating around, it feels like the market is trying to price in some regulatory certainty. If that bill passes, and it sounds like there's momentum, it could give crypto a significant boost, independent of tech stocks for a bit. I'm looking at the 72762 pivot resistance – if we can break that convincingly, and the jobless claims data didn't seem too bad for risk assets either, then we might see a nice push. But yeah, keeping an eye on NVDA and the Nasdaq is still crucial, they often lead the sentiment.
@james2878 Yeah, I definitely see the correlation too. It's like the big players are treating BTCUSD as just another high-beta tech stock right now. That CLARITY Act news you mentioned is definitely adding some uncertainty, but for now, I'm seeing more strength in crypto than in some of those Nasdaq names. Feels like BTC is trying to break free from the tech leash.