#RiskRewardRatio

Last week, Bitcoin BTCUSD showed early signs of decoupling from US stock markets. While Bitcoin remained relatively stable throughout the week, the S&P 500 index lost 9 percent of its value. The wave of sell-offs began on April 2nd, following US President Donald Trump's announcement of global tariff decisions, and deepened further with China's response on April 4th. During this process, even gold was affected by these sell-offs, experiencing a 1.9 percent decline.

Mike Alfred, founder of Alpine Fox, stated in a post on platform X that the bullish movement in the gold market is a positive signal for Bitcoin. He noted that while gold has briefly led in previous cycles, Bitcoin ultimately provided larger gains, and added that this cycle would not be different.

While Bitcoin's recent strong performance is a positive signal, it is emphasized that investors should act cautiously until macroeconomic developments become clearer. If a new wave of sell-offs occurs in US stock markets, cryptocurrency markets may also come under pressure.

Although some altcoins are showing signs of strength on the charts, waiting for the overall market sentiment to turn positive may be a healthier strategy. So, if Bitcoin breaks through the sudden resistance level, which cryptocurrencies are likely to follow it?