Potential first signs of inverse correlation between stocks and crypto? Market makers may be making moves from markets that have already run up (i.e. stocks) to markets that have bottomed (crypto).
BTC target buying ranges were $2800-$3200 and $1800-$2200 for months now.
We will see if there is another leg down for BTC, or if the $3K ranges hold. Many analysts calling for pump to $3800 before one last dump to $2K ranges. However, most recent move along with Feds raising interest rates and weakening USD may be signs of crypto market reversal.
Update: Short term EW technical analysis suggests that since BTC broke past $3800 to $4000, retracement to about $3600 is coming before a pump to $4400-$4600 region.