Recent market news about peace negotiations has brought positive signals, and altcoins have shown some short-term gains. But don’t be fooled by these superficial highlights—the real guide that influences the entire market is actually the S&P 500. In the US stock market, if a long position is broken at the key level of 7000, it could trigger a sharp correction. What does this mean for the entire cryptocurrency space? And what impact will it have on Bitcoin?

Regarding BTC’s trend, it is currently relatively stable below the $87,000 range, but dropping below $86,500 is a dangerous territory. Currently, BTC is around $83,890. Honestly, at this point, you must be extremely vigilant.

The market will also give everyone a chance to buy the dip of their favorite altcoins—such as AXS (currently $2.07) and DASH (currently $50.90). However, the real opportunity is still ahead, belonging to those who are prepared early. Stay cautious and wait for the right moment.