After reaching the target in the previous analysis and confirming the reverse trend from downtrend to uptrend, according to my new analysis, we should reach a good target in the #S&P500CURRENCYCOM:US500 around 4400. After that, it will reverse the uptrend to the downtrend again. Based on these trends and according to the Top Down Approach method, a basket of US stocks can be traded, as well as Dow Jones and Nasdaq. In fact, SP500 is used as a Leader for trading other symbols. Given the positive correlation between SP and Bitcoin, I expect Bitcoin to rise to around $ 43,000 and fall below $ 25,000 again.
Happy Trading
Happy Trading