BTC often follows the technology sector of the stock market.
Below you can see the Spearman-rank correlation, which better shows us the moments when two assets start to move in different direction
What now? Now the NASDAQ is starting to slip because the market is overestimating interest rate expectations, after talks that there will be no lowering this year. This, of course, is not acceptable for the technological sector, because the main growth factor is cheap liquidity.
What's next? It seems that we are in for a consolidation or even a small correction on the NASDAQ. Markets expect a positive rate cut or additional liquidity, which is not yet visible.
💡In general, this coincides with what I wrote earlier, that the growth will continue even after several months, near the end of summer.
Below you can see the Spearman-rank correlation, which better shows us the moments when two assets start to move in different direction
What now? Now the NASDAQ is starting to slip because the market is overestimating interest rate expectations, after talks that there will be no lowering this year. This, of course, is not acceptable for the technological sector, because the main growth factor is cheap liquidity.
What's next? It seems that we are in for a consolidation or even a small correction on the NASDAQ. Markets expect a positive rate cut or additional liquidity, which is not yet visible.
💡In general, this coincides with what I wrote earlier, that the growth will continue even after several months, near the end of summer.