$BTC vs $NASDAQ

Correlation between Stocks and #Bitcoin going negative today 👀

Generally, when stocks take a dive, #crypto follows and all correlations go to 1 (strong positive correlation).

As it stands, while the NASDAQ is deep in the red again today, #BTC is on the bounce, following #Gold.

BTC acting more like a "store of value" than a tech stock is what we want to see, and #ALTs don't mind... #Altcoins have no idea what they are so they'll happily follow big daddy BTC on the bounce 😅

On the technicals: Bull Div on Daily RSI is well and truly in play, a break above 83-85k (mid-range + D1 200MA) will give some much needed confidence to the market 🫡
#BTC #NASDAQ #Bitcoin #crypto #BTC #Gold #ALTs #Altcoins