The US stock Nasdaq 100 looks very much like a downtrend continuation pattern.
A double bottom is most likely needed to stabilize. So can BTC stand apart? Obviously not. Check out the comparison in the chart below. When BTC weakens, US stocks fall, and cryptocurrencies definitely fall too. BTC is also weak right now. The US is fighting Iran, Thailand is about to fight Cambodia, Russia is fighting Ukraine, Israel is fighting Palestine, and Pakistan is fighting neighboring countries. Plus, the little days and Taiwan independence are dangerously testing the limits. At least, the market outlook for the first half of the year no longer offers much hope.
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The US stock Nasdaq 100 looks very much like a downtrend continuation pattern.
A double bottom is most likely needed to stabilize.
So can BTC stand apart?
Obviously not.
Check out the comparison in the chart below.
When BTC weakens, US stocks fall, and cryptocurrencies definitely fall too.
BTC is also weak right now.
The US is fighting Iran, Thailand is about to fight Cambodia, Russia is fighting Ukraine, Israel is fighting Palestine, and Pakistan is fighting neighboring countries.
Plus, the little days and Taiwan independence are dangerously testing the limits.
At least, the market outlook for the first half of the year no longer offers much hope.