Market View
Bitcoin and US Stocks Show Market Divergence
US stocks fell again to the $6500 range on Friday. Unlike the tariffs from February to April 2025, Bitcoin has shown relative resilience in this conflict, failing to reach new lows despite a 7% drop in US stocks.
After US stocks hit a new low on Friday, Bitcoin only fell to $69400, creating a market divergence (US stocks hit a new low, Bitcoin a secondary low).
Therefore, I believe the possibility of a new low for Bitcoin ($68-$67) has decreased.
Especially given the strong rebound in US stocks at the end of the day, we believe there is a possibility that US stocks have bottomed out.
If US stocks begin to rebound next week, I think Bitcoin may also rebound.
The first resistance level for the rebound is in the $73-$74 range. If the 4-hour chart confirms a break above $74, the next target range is $78-$81.
This depends on the duration and magnitude of the US stock rebound.
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