Bitcoin Market Update

Golden Cross Ignites Bullish Hopes: $BTC technical breakout boosts sentiment, with some eyeing $135K.

Short-Term Dip: Price fell 7.3% today, hinting at a possible correction despite solid institutional backing.

Nasdaq Correlation Warning: Economist Henrik Zeberg cautions BTC’s rally is closely tied to tech stocks, adding downside risk.

Policy Support: U.S. order allows crypto in 401(k) plans, pushing BTC above $117K; Treasury denies major crypto policy changes.

Key Takeaways:

Technical Outlook: Bullish patterns support long-term upside, but short-term volatility remains likely.

Institutional & Regulatory Impact: Retirement-plan adoption adds legitimacy; macro equity trends could still sway BTC.

Investor Sentiment: Cautious optimism—momentum is strong, but market risks persist.

Bottom Line: BTC’s trend is positive, but watch tech markets, policy developments, and price action for signs of a shift.

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