Many people are worried that BTC's upward trend has been determined. Will it be derailed by the decline of the US stock market? Let's take a look at the trend of the US stock market.
Recently, the US non-farm and CPI indexes were released. Relatively speaking, the data is perfect. Recently, the Nasdaq index has been rising. The US stock market has a strong effect on making money. At present, the panic index is extremely greedy.
Some partners will worry about whether the US stock market will collapse.
From the technical form below,
At the monthly level, it is about to enter the risk area. The US stock market has been rising and strengthening since October 2022. For nearly two years, there has been no major correction. It is true that buying US stocks makes money. The US economy is strong at present, and there is at least 1-2 years away from a real recession.
At the weekly level, the upward momentum is strong, and there is no sign of a correction. There will be no correction trend for at least 3-5 weeks.
At the daily level, it has risen steadily, and the bulls are arranged upward. Steady rise.
It can be seen that the US economy is strong and technology is developing well. Artificial intelligence, biotechnology, automation level, aerospace, etc. are all in a leading position. It is always the scientific and technological productivity that drives economic development.
Moreover, recently, BTC sometimes does not follow the US stock market, and has its own independent trend, with multiple dealers manipulating it. Therefore, if the trend is different from that of the US stock market, it must be another dealer. In this cycle of BTC's upward pull, it should not be affected by the US stock market. However, at the end of this upward pull, everyone should sell it. You are here to make money, not to hoard coins.
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