🚨📉$BTC FLASS CRASH REASON

The S&P 500 index, a key benchmark for U.S. equities, is currently experiencing a downturn. As of August 1, 2025, the index closed at 6,231.92 USD, down approximately 0.37% from the previous day. This follows a period of volatility, with the index being turned back at the 6,400 level earlier in the week. Recent market movements have been influenced by several factors:

Technical Indicators: Some analysts point to technical indicators like RSI, MACD, AO, and OBV showing weakness on the daily timeframe, suggesting potential for further declines. There’s also speculation based on Elliott Wave and Wyckoff distribution patterns projecting a possible peak between 6,600–7,000 by September 2025 to January 2026.

Economic and Policy Concerns: Market sentiment has been affected by external factors such as new tariff announcements from President Donald Trump and concerns over July’s weaker-than-expected jobs growth, prompting calls for Federal Reserve action.

Big Tech Influence: Despite the overall index decline, strong earnings from tech giants like Meta have provided some counterbalance, though not enough to prevent a daily loss of about 40 basis points. The index remains heavily weighted toward large-cap tech companies, with Nvidia (8.1%), Microsoft (7.3%), and Apple (5.8%) being the top constituents.$BTC

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