US stocks crashed, and Bitcoin and ETH followed suit. The $70,000 level for Bitcoin and the $2,000 level for ETH are key dividing lines; breaking below these levels would indicate a bull trap.
US stocks are currently forming a rounded top on the weekly chart. As previously mentioned, US stocks are like a dammed lake, oscillating at the top. Bitcoin plummeted first, and if US stocks subsequently initiate a monthly-level correction, Bitcoin's decline will be far more significant than just a drop in the $50,000 range!
The current conflict between the US, Israel, and Iran could create a black swan event. Will tomorrow night's non-farm payroll data and the Fed's interest rate decision on the 19th trigger a major drop?