$BTC $BTC #Bitcoin Breaks Away from Nasdaq: Why This Smells Like a Trap
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In this Saturday's update from The Trading Parrot, we delve into key market trends, analyzing the recent closing prices of the S&P 500 and comparing them to past market downturns, including the COVID-19 crash. We explore the ratio of Bitcoin to Nasdaq and discuss the implications of a potential Bitcoin breakout. Other insights include commentary on M2 money supply trends, adjustments in the S&P and Nasdaq, and the intricate relationship between Bitcoin and broader market trends. We share various chart analyses, highlighting key resistance points and potential market scenarios. Stay tuned for in-depth macro views and technical insights.
00:57 Weekly Market Overview
03:43 Bitcoin and Nasdaq Analysis
05:44 CME and Technical Analysis
09:06 Macroeconomic Insights
