Bitcoin is rallying but the market it depends on is not that strong.
The S&P 500 is at new highs.
But only ~55% of stocks are above their 200-day average.
In strong rallies, that number is closer to 65–75%.
This is a narrow move, driven by a small group of stocks.
Bitcoin is still trading as a risk asset. So if this equity rally loses momentum, BTC won’t be immune.

Narrow rallies can extend.
But they don’t absorb shocks well.
That’s the risk behind the current move.
Sector:
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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