
Phyrex|May 29, 2025 05:55
Although due to the good news of Nvidia's financial report and the suspension of Trump's tariff, the US stock futures rose well, with the Nasdaq futures up 2% and the S&P futures up more than 1.6%, BTC's response was not very friendly. After breaking through 108500 in the morning, it began to decline. Some little partners questioned whether they would not follow the US stocks.
In fact, from a general perspective, the trends of Bitcoin and the US stock market are still highly overlapping. Recently, BTC's leading rise was already good. Compared to the US stock market, it not only returned to the historical high before the tariffs, but also broke through the historical high, leading the US stock market in terms of the magnitude of the rise.
Even now, the US stock market has only just returned to the level before the tariffs on February 25th, so compared to BTC, the space for the US stock market will be larger. Therefore, the current situation of BTC is also normal, and it is currently the main trading time in Asia. Yesterday, we also analyzed that the main trading time for BTC starts at 21:00 every working day.
So I still believe that the rise of the US stock market will be positive for Bitcoin, as long as there are no moths in the middle. If the US stock market continues to rise at the opening today, BTC will not be too bad.
This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex
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