As shown in the figure, the exchange rate trend of Bitcoin against Nasdaq 100 index Since tracking BTC/NAS100 on June 24th, the exchange rate has formed a bearish wedge against the weekly K-level, but currently still benefits from the support of the lower boundary of the wedge, and has effectively rebounded BTC after touching the lower boundary Based on the current market environment, my personal conclusion drawn from browsing X article is that there is a significant divergence between long and short positions Before the exchange rate falls below the wedge, it cannot be ruled out that there will be a wave of exchange rate peak expectations to construct the most standard bearish wedge That is to say, BTC may experience a spillover effect on US stock funds after the acceleration and stagnation of NAS100's rise in the future I believe this phenomenon is not unfamiliar to everyone, and it has also occurred from time to time in the past market From this perspective, although subjective, it does have historical basis I will also make specific judgments based on the trend of BTC at the same time At present, my personal trading operations mainly follow trends from a short-term perspective Short term without saying top or bottom But regarding the viewpoint on the top of the Bitcoin stage, I maintain my original judgment that it still depends on whether the monthly mid track can be successfully broken through. If you are not familiar with this, you can refer to my previous tweets