The trends of Bitcoin (BTC) and U.S. stocks are generally consistent in the general direction, but they are not synchronized in specific rhythms.
Looking back at the data over the past two years, we can see that each Bitcoin correction typically leads U.S. stocks by one to two months. Before the macroeconomic environment improves significantly, Bitcoin will often fluctuate repeatedly in the bottom area, waiting for the macroeconomic situation to improve before resonating with the market.
Specifically, last year, Bitcoin began to correct after reaching $31,000 in mid-July, bottomed out in mid-August and bottomed for the second time in September.
In contrast, the Nasdaq Index (Nasdaq Composite Index) began to correct in early August until it bottomed out in mid-October. This suggests that Bitcoin is correcting ahead of U.S. stocks.
At present, if Bitcoin goes through a similar adjustment process again, it needs to pay close attention to macroeconomic changes. Only when the macroeconomic environment improves significantly will Bitcoin be able to move out of the trend.
During this period, Bitcoin may continue to fluctuate repeatedly in the bottom area. Investors should pay attention to changes in macroeconomic indicators to judge the future trend of Bitcoin.
Personal summary: Bitcoin usually leads the adjustment of US stocks. The current market needs to pay attention to macroeconomic changes to judge the trend of Bitcoin. $BTC
