Market analysis
Maximum Pain For Bears Incoming‼️
- Yello, ladies and gents🚬😎🥃!
💎As we told you yesterday, gold really started to slow down today, and Bitcoin started to catch up after the mentioned successful bullish support retest.
💎Let’s talk about Bitcoin’s Correlation with traditional assets (Gold and the S&P 500) a bit more now:
💎As you can see on the graph below, it just hit a 2-month low last week, dropping alongside the NASDAQ Index. This has been due to a steep drop in traditional markets, especially in the US, while the crypto market has remained relatively stable.
What does it mean?
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Crypto trading involves substantial risk and is not suitable for everyone. Nothing here is financial advice; it is education only. Never risk more than you can afford to lose.
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