BTC was born in 2009 and has generally been moving upward since its birth. After the financial crisis in 2008, the U.S. stock market has also generally been moving upward from 2009 to the present. From the perspective of the large cycle span, the two are consistent.
However, BTC clearly has a bull-bear cycle with a period of 4 years, which does not exist in the U.S. stock market.
In other words, most of the time, BTC will run at its own pace and will only be affected when extreme market conditions occur in the U.S. stock market. The most typical example is the 312 market (2020) that the old leeks in the currency circle have never forgotten. At that time, the U.S. stock market had four consecutive circuit breakers, which was unprecedented!
Therefore, BTC will not become the shadow of the U.S. stock market.
The recent sharp drop in BTC also resonated with the U.S. stock market. The collapse of the U.S. stock market increased market panic, which in turn widened the decline of BTC.
Once the U.S. stock market stabilizes, BTC will return to its own rhythm.
Once BTC returns to 60,000, the market atmosphere will change, and many people will probably be very upset.
It is still the same view as some time ago that we should not be overly bearish here.
On the contrary, if you have the spare capacity, you should seize the layout window and put your favorite currency in your pocket!
Yesterday the fear and greed index was 17, and today the fear and greed index was 20. The market is still in extreme panic.
Wait and see the market outlook.
