The Russell Index has a strong correlation with BTC. Many people look at SPX and Nasdaq first. But we think we need to take a look at this chart. If you overlay a chart of bitcoin on a chart of this index, you will understand everything. But this analysis is not about that. At the moment, Bitcoin, along with Russell, is at an important stage in moving forward. We see a global downward trend line, which we are now inside. The price on 1d is formed by equal highs with the liquidity pool. RSI shows weakness on 1d. At the time of writing, the price eliminates liquidity and fills in market inefficiencies. This could serve as a potential turning point. At the same time, Bitcoin is also showing signs of weakness. We believe that at the moment there is a high probability of a reversal formation. Watch the price.
