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Crazy, crazy, the US stock market has skyrocketed! Will Bitcoin follow suit passively? Here's how to operate now, check it out quickly.
1. Last night, a major nuclear bomb exploded in the US stock market, with big tech companies all exceeding expectations in revenue, setting new records for market value. Among them, Google surged 10% in a single day, just 5% away from surpassing Nvidia to become the world's most valuable company. So, what will happen to Bitcoin?
2. The correlation between the crypto world and the US stock market is still quite good. With the US stocks so strong, Bitcoin also rose slightly, but the increase wasn't large, seeming more like passive follow-up. In the face of a US bull market, the lack of volatility in the crypto market is actually a typical bear market characteristic.
3. Compared to that, Bitcoin's performance is still relatively good. ETH and SOL haven't even reached previous highs, and Sol's rebound hasn't even reached the high points of March, showing some weakness. When the US stocks rise significantly and then pull back, I think the crypto market will start a larger correction.
4. Currently, Bitcoin's resistance is around 77,000. We previously took profits on our short positions, and now that it’s rebounding, I think it's a good opportunity to re-enter. Don't step in too aggressively; take profits when there are decent gains. Because if the US stocks remain strong, Bitcoin will also find it difficult to drop sharply for now. Wait until the US market's momentum passes. It seems we are back to our favorite wave-trading phase now.
5. Additionally, Shuqin has to say, AI is extremely hot right now. As shown in the chart, our most watched stock, Google, has gone crazy. Shuqin bought 3 million shares of GOOGL and has already made over 77.7k in half a month. It's unbelievable. Congratulations to the investors who followed my layout. And don't rush in the crypto world either; by the end of the year, a bull market will also arrive. Just follow my aggressive operations!