$BTC and S&P500 — have we noticed a decoupling? ♨️
While the stock market is experiencing outflows, #BTC is trying to consolidate at 88.5k: we are tiptoeing, chewing through resistance on the hourly charts. And the long positions that have stuck will be shaken off with a sharp move.
On the daily chart — the body is going past the 88.5k level, and a consolidation above will open the way to 89.5k, 91.2-91.9k.
It all looks as if everyone is shorting crypto in anticipation of a decline similar to that of the funds, and due to this, there is growth.
According to the RSI — someone is buying up. Attention, someone is actively selling to someone else; there haven't been hourly charts like this in a long time, after which they pull up sharply and distribute the sold volume to the retail investors at higher prices to cover the costs from the whale's sales.
Opinion: if the dollar falls, then inflation decreases, and all these scary tales of tariffs do not justify themselves, which means — 'Trump is right, and the Fed is short-sighted', thus a conflict between them lies ahead. This scares away investors, while crypto performs with optimism regarding a possible rate cut if the April inflation data comes even closer to the target value of 2%. And a decline in inflation with a high Fed rate is indeed an economic slowdown, decline, and recession. That’s why investors are exiting ;)