# Spx

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Hello everyone. Today we have a #BTC Overall Update
$BTC is facing increasing pressure after #SPX showed clear weakness on Friday while Crude closed strong, creating an unfavorable condition
The correlation is becoming more evident again.
Strong crude = weak SPX = struggling BTC
And that dynamic is starting to play out in real time. Even if BTC attempts short-term recoveries, the broader environment remains unsupportive atleast for the short-term.
For now, the outlook remains cautious. As long as oil holds strength, both SPX and BTC are likely to struggle, with upside moves being limited.
I

BTC1,1%

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#SPX already broke out of the Distribution range📉
#NDX is next😏
#crypto

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