According to Mihir (@RhythmicAnalyst), the NASDAQ Index has rebounded 22% and is currently trading at a critical decision level marked by a rising wedge formation between two orange lines. Mihir notes that the next directional move will be indicated by whether the index breaks above or below these trendlines (source: Twitter, May 9, 2025). This technical pattern is closely monitored by cryptocurrency traders, as significant movements in the NASDAQ often correlate with volatility and directional shifts in major digital assets like Bitcoin and Ethereum. Traders should watch for a confirmed breakout, as this could impact risk appetite and capital flows in the crypto market.