1/ The US stock market seems to be quite different from the trend of the currency recently. The S&P is on the road to new highs, but #BTC continues to fall.

It is easy to understand. After all, in addition to the same hype about the expectation of interest rate cuts, the US stock market also has fundamentals and real corporate profits. A press conference today and a large order tomorrow can support the stock price. The top three US stock giants (Microsoft, Apple, and Nvidia) account for more than 20% of the total market value of the S&P.

2/ Any of the three giants can protect the index, so it is not difficult to understand why the S&P and Nasdaq are so strong.

On the other hand, the Dow Jones is much weaker and has been falling and sideways for a long time, while the Russell 2000 is even uglier. It has not set new highs and has been falling.

The trend of #BTC is actually closer to IWM, which is why it was said before that it is like small and medium-sized stocks, and is also waiting for the spring of interest rate cuts.