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Time Details
2025-05-09
17:30
S&P 500 Index Drops 21% from February 2025 High, Bounces 17%: Doji Candle Signals Uncertainty for Crypto Traders

According to Mihir (@RhythmicAnalyst), the S&P 500 Index topped on February 21, 2025, and has since declined by 21% before rebounding 17% from its April low. Currently, the S&P 500 has formed a Doji candle, indicating market indecision and potential volatility ahead (source: @RhythmicAnalyst on Twitter, May 9, 2025). This trend is mirrored in the NASDAQ Index, and the formation of a Doji at a key resistance level is a crucial signal for crypto traders, as large equity market moves often correlate with increased volatility and directional shifts in major cryptocurrencies such as Bitcoin and Ethereum.

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