A general correction is occurring in the markets following the tariffs announced by Trump and the recent labor market data.

Recently, I have been emphasizing that the correlation between S&P 500 and $BTC has been very high.

Since the crypto market follows the US stock markets, the metrics specific to crypto do not hold much significance at this point, and the crypto market moves in accordance with how the S&P 500 behaves.

As I mentioned before, as long as the $112-110k range is maintained on the $BTC side and the $3,500 support is held on the $ETH side, the current outlook will remain positive.

These days, closely monitoring the S&P 500 moment by moment is very important. Due to the high correlation, prices are moving in exactly the same way.

It will be sufficient to closely monitor only the supports I mentioned and the S&P 500. All other data can be misleading during this process.

I believe that this drop is short-term and that the main upward trend will continue, friends.