After the FED's announcement that interest rates would not be cut soon in the first quarter of 2024, the US stock market reacted negatively. At the same time, Bitcoin price also recorded a slight decrease. This effect is likely to last into this new month. The following are the latest observations and assessments on the correlation between US stocks and Bitcoin prices, from BeInCrypto.Bitcoin corrected along with the S&P500 after the statement of FEDAfter Fed Chairman Powell said that an interest rate cut in March is unlikely until the 2% inflation target is reached. Then in just 5 minutes, the S&P500 dropped more than 50 points, blowing away 500 billion in market capitalization. This is recorded as the worst trading session for the S&P500 since September 2023. While in December, the market was still optimistic about the possibility of the FED cutting interest rates soon in the first quarter. See more: Fed statement announced to keep interest rates unchanged, warned not to lower interest rates until inflation reaches 2% Bitcoin and S&P500 price fluctuations. Looking at the side-by-side fluctuations of Bitcoin and S&P500, from November last year to January this year, both moving together in a strong uptrend. Bitcoin had its own internal impacts after the approval of the Bitcoin ETF, so it fell sharply while the S&P500 maintained its upward momentum. But up to now, both have given the same reaction at the same time. Money is flowing out of the stock market as expectations that the FED will soon cut interest rates have weakened, from here predicting a negative impact on the stock market. Similar extremes can affect Bitcoin prices. Although the BTC price closed the green monthly candle + 1%, it is a Doji model showing the balance between the buying and selling sides after a strong increase for many months in a row.The most significant positive signal in the recent FED speech is that there are no longer words suggesting the possibility of continued tightening. Bitcoin's selling pressure is expressed through Cumulative Volume Delta (CVD)Cumulative Volume Delta (CVD ) differs from other volume indicators in that it does not only calculate the total volume but distinguishes buying volume and selling volume thanks to evaluating fluctuations over a certain period of time. When CVD is negative and falling sharply, it shows that selling pressure is maintained and gradually stronger. Data from Kaiko records that the CVD of the BTC/USDT pair has been continuously negative and falling sharply in January, so far there is no sign of it. increase again. Kaiko said that most of the sales involving GBTC were conducted through Coinbase Prime – a leading brokerage firm that uses various liquidity sources, including OTC, to execute trades. Kaiko also sees significant BTC selling through USDT pairs on Coinbase, Bybit, Binance, Kraken, and OKX. Technically, the BTC price is in the neutral range of high prices. Hesitancy can quickly disappear and confirm a new trend when negative news appears. The FED's hint of not cutting interest rates soon and the sharp decline in the US stock market could be the first notable negative news of this February.#azmask # #giaodichkihan Source: Beincrypto