🇨🇳 #China A50 Skyrockets +1.05% Will #Crypto Be the Next to Fly? 🚀
The FTSE China A50 Index Futures (MAY5) just went vertical surging +143 points (+1.05%) in a single session, closing at 13781, its highest level of the day!
Key Stats:
• Day Low → High: 13638 → 13781
• Volume: 95.2K contracts
• Position Change: +11,879 – Smart money is entering fast!
• Price Action: Parabolic breakout after flat accumulation
What It Signals:
Historically, explosive moves in Chinese equity markets often spill over into #Asian crypto demand. With traders hunting risk, crypto could be next in line for a breakout surge.
Keep Your Eyes On:
• $BTC regaining strength above $70K
• $ETH and $BNB following macro momentum
• Altcoins with China narrative or Asia-centric projects