Who Stole Tozemoon : #S&P500 Loses 1.5%, Pulls Down
$BTC 🌡
According to
#Bloomberg , the sell-off was caused by low revenue growth forecasts from
#Microsoft and
#Meta , which upset investors. A logical explanation, but after new highs for the S&P 500, many were looking for a reason to take profits, and here it is...
Today, after the market closes,
#apple will publish a report, which could either return the initiative to buyers or increase the pressure on sellers. Much will depend on how exactly Apple's report is perceived🤷♂️
BTC is losing ground along with the S&P 500, there is very little left until the new ATH, but it was not possible to rewrite it at once and a correction is needed before the next attempt (we are maintaining a local uptrend even with a drop of $69k).
And then there are elections coming up soon, which adds to the anxiety. 🤔