BTC to NASDAQ exchange rate trend:
• Before May: BTC and NASDAQ basically rose in sync, with highs and lows moving up together.
• Starting in June: The trend changed, becoming a synchronized decline, with highs and lows dropping together.
Current situation:
• The short-term trend has changed a bit, with a recent appearance of a "higher low," and some signs of a "head and shoulders bottom" (possibly a small bottom pattern).
• But! To truly end the downtrend, BTC must break through the previous rebound high. The NASDAQ has already reached a new high, and for BTC to exceed the NASDAQ in terms of percentage increase, it needs to rise directly above 120,000...
• In the short term, this is quite difficult, unless there is an independent market where "U.S. stocks fall, BTC does not follow the decline"; otherwise, it remains relatively weak.
