2026-01-08 20:28:54

S&P 500 index just hit the 7200 level—by squaring the price action around 7007 against yesterday's close, the technical alignment becomes interesting. This price structure maps onto something we've seen play out in Bitcoin as well: BTC reaching 108k on December 17, 2024 mirrors that same proportional move. When you look at how equities and crypto track during these momentum phases, the correlation between major index breakouts and Bitcoin's upside typically tightens. Whether this SPX advance holds depends on holding support, but the parallel with Bitcoin's recent action suggests we're watching similar risk-on sentiment flowing through both markets right now.

BTC0,79%

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MEVSandwich

· 01-11 02:18

The 7200 surge this time really has some substance, matching the rhythm of Bitcoin's 108k move... Hmm, risk sentiment just spreads like that, I suppose.

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GasFeeNightmare

· 01-10 17:16

Here we go again... SPX and BTC are starting to move in sync again. I just want to ask—can this wave of the market last until I wake up?

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SlowLearnerWang

· 01-10 13:43

Oh no, it's another case of hindsight bias... When SPX broke 7200, I finally realized that Bitcoin was already at 108k long ago. How can these two still rise in sync? I don't quite understand this "proportional move," but I guess just follow the trend and go with it.

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Anon32942

· 01-08 20:59

This 7200 level is a hurdle, and Bitcoin is following suit. That's pretty interesting.

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WalletDivorcer

· 01-08 20:53

The recent correlation between SPX and BTC is a bit ironic, isn't it? They're both betting on risk appetite.

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SnapshotBot

· 01-08 20:42

Wait, can the 7200 level really hold? It feels like a trap again.

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LiquidityNinja

· 01-08 20:42

7200? Here we go again, I've seen plenty of the stock-bond linkage plays... If Bitcoin can't hold the 108k level, US stocks won't be able to relax either.

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DAOTruant

· 01-08 20:37

That 7200 level feels like it's about to start telling a technical story again... However, Bitcoin and the market are indeed moving in sync this time, which is what true risk-on looks like.

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