Hello everyone

Starting the day with a clear shift in tone from equities.

‍#SPX is showing visible weakness, with selling pressure accelerating. That’s not the kind of backdrop risk assets want to see — especially crypto, which has been closely tracking equity sentiment in the short term.

Bitcoin held relatively firm yesterday and showed some resilience, but if US markets continue to slide, that strength may not last. Sustained downside in SPX increases the probability of BTC rotating back toward the $62K–$60K support region.

The overall bias remains bearish. Any short-term strength should be viewed cautiously, and rallies are more likely to be sold into unless there is a meaningful shift in macro momentum. Strength, at this stage, favors selling rather than aggressive buying.