🇺🇸 U.S. STOCKS ARE PUMPING HARD BUT BITCOIN Gave a dump Yesterday Here is the reason 👇👇👇👇👇
Let me explain,
1. Bitcoin price is showing Bearish RSI divergence on 4 hr and waiting for correction after it jumped 10% in last week.
2. Bitcoin price has given good return against Equity in last one month when tariff fear was high. Gold and Bitcoin both jumped against equity due to uncertainty.
3. Today after US-China trade deal announcement, Equity market jumped 4% which was flat in last week But Bitcoin dropped because it already front run the rally of US-China deal
This is intraday volatility, market adjusts each factor. Jump in US index will be good for bitcoin in long term.
$100k and $93k is support for bitcoin and we will see bounce soon.