Today, I’m analyzing the weekly charts of the S&P 500 Index, Gold, and Bitcoin. Notice anything interesting? 🤔
Since late 2022, these assets have been moving in sync, showing an unusually strong correlation. At times, it almost feels like they’re behaving as a single market. But spotting these connections provides valuable insights we can use to our advantage.
One chart that stands out is the S&P 500 Index, particularly its rebound from the dual Fibonacci support zone around $5520. This is a critical level, and as long as it holds, both Bitcoin and Gold are likely to maintain their upward momentum.
For now, the overall market sentiment remains bullish, and this trend could continue throughout the year. 🚀
Since late 2022, these assets have been moving in sync, showing an unusually strong correlation. At times, it almost feels like they’re behaving as a single market. But spotting these connections provides valuable insights we can use to our advantage.
One chart that stands out is the S&P 500 Index, particularly its rebound from the dual Fibonacci support zone around $5520. This is a critical level, and as long as it holds, both Bitcoin and Gold are likely to maintain their upward momentum.
For now, the overall market sentiment remains bullish, and this trend could continue throughout the year. 🚀
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.