April was the scale-in zone:
Back in April, the US stock market flashed a split-entry buy signal—a classic zone for gradual accumulation.
That same setup applied to Bitcoin. Buying the fear worked again.
We’ve moved out of the fear zone:
Both Bitcoin and equities have left the extreme fear territory behind. Sentiment has shifted.
Short-term overbought now:
Bitcoin is currently in a short-term overbought phase. Some consolidation or cooling off is natural here, but no major trend reversal signs yet.
Stay heavy on positions:
I’m maintaining an overweight position in Bitcoin as long as the US stock market stays intact. The Nasdaq is holding up, so Bitcoin likely stays in risk-on mode.
Warning:
If US equities take a hit, expect Bitcoin to follow.
Negative moves in the stock market will likely translate directly into crypto weakness.
Back in April, the US stock market flashed a split-entry buy signal—a classic zone for gradual accumulation.
That same setup applied to Bitcoin. Buying the fear worked again.
We’ve moved out of the fear zone:
Both Bitcoin and equities have left the extreme fear territory behind. Sentiment has shifted.
Short-term overbought now:
Bitcoin is currently in a short-term overbought phase. Some consolidation or cooling off is natural here, but no major trend reversal signs yet.
Stay heavy on positions:
I’m maintaining an overweight position in Bitcoin as long as the US stock market stays intact. The Nasdaq is holding up, so Bitcoin likely stays in risk-on mode.
Warning:
If US equities take a hit, expect Bitcoin to follow.
Negative moves in the stock market will likely translate directly into crypto weakness.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.