Mirror Setup with BTC

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Mirror Setup with BTCUS SPX 500OANDA:SPX500USDinchartswetrustThose trading the US stock market might notice that the 4H technical structure is now very similar to what we’re currently seeing on the BTC chart. The key is to closely watch the descending trendline. We have a local downtrend here as well, but unlike BTC, there have already been 6 touches — which makes this level even more significant. On top of that, the EMA100 is acting as additional resistance. For a new leg higher to begin, just like with BTC, price needs to break and hold above the trendline. At the same time, the price action, increased volatility, and instant reactions to any news related to Iran make it look like large players have already reloaded positions, and the market may be ready to move sharply higher on even a small trigger. ⚠️ Disclaimer: All information shared on this channel is for educational and informational purposes only and is not investment advice. The author is not responsible for your trading decisions. Always manage your risks and make decisions independently.