April was the scale-in zone:
Back in April, the US stock market flashed a split-entry buy signal—a classic zone for gradual accumulation.
That same setup applied to Bitcoin. Buying the fear worked again.
We’ve moved out of the fear zone:
Both Bitcoin and equities have left the extreme fear territory behind. Sentiment has shifted.
Short-term overbought now:
Bitcoin is currently in a short-term overbought phase. Some consolidation or cooling off is natural here, but no major trend reversal signs yet.
Stay heavy on positions:
I’m maintaining an overweight position in Bitcoin as long as the US stock market stays intact. The Nasdaq is holding up, so Bitcoin likely stays in risk-on mode.
Warning:
If US equities take a hit, expect Bitcoin to follow.
Negative moves in the stock market will likely translate directly into crypto weakness.
Back in April, the US stock market flashed a split-entry buy signal—a classic zone for gradual accumulation.
That same setup applied to Bitcoin. Buying the fear worked again.
We’ve moved out of the fear zone:
Both Bitcoin and equities have left the extreme fear territory behind. Sentiment has shifted.
Short-term overbought now:
Bitcoin is currently in a short-term overbought phase. Some consolidation or cooling off is natural here, but no major trend reversal signs yet.
Stay heavy on positions:
I’m maintaining an overweight position in Bitcoin as long as the US stock market stays intact. The Nasdaq is holding up, so Bitcoin likely stays in risk-on mode.
Warning:
If US equities take a hit, expect Bitcoin to follow.
Negative moves in the stock market will likely translate directly into crypto weakness.
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Pubblicazioni correlate
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.