$CME Bitcoin - main 2406(BTCmain)$ $iShares Bitcoin Trust(IBIT)$ $MicroStrategy(MSTR)$$Coinbase Global, Inc.(COIN)$
$BTC Bitcoin Daily RSI nearing its lowest since August 2023.
Bitcoin itself is near a 5.5wk low.
Nasdaq-100 was trading around 18,500 then or about 6% lower than today.
Correlation has certainly decoupled from $QQQ during this time frame. Either Q’s gotta go down or BTC has to go back up, for some mean reversion?
All in all, BTC looking a bit near term oversold and I spy a mini falling wedge…
HODL.
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