Michaël van de Poppe: Nasdaq Correction Enters Final Stage
Michaël van de Poppe highlights the Nasdaq's sharpest correction in months followed by an immediate bounce, calling it an ideal accumulation window as Bitcoin holds above $75,000 while altcoins clear lows.
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Michaël van de Poppe flagged yesterday's largest Nasdaq correction in months, noting the swift rebound today as evidence the move is in its final stage. The trader highlighted that $NQ swept all available lows before the bounce and urged accumulation, adding that Bitcoin avoided the $75,000 zone while many altcoins cleared theirs.
BTC sits at $76,169.67 beneath the EMA50 at $78,264.33 and the EMA200 at $80,672.30, confirming the bearish trend structure on the 4h chart. With the MACD locked in a death cross at -510.43 and RSI at a neutral 39.54, price remains inside the Bollinger Bands; a test of the lower band support near $74,297 appears the next logical step before any sustained recovery attempt.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast