BTC/SPX - not ready yet !

Bitcoin isn't yet ready to outperform stocks - specially with stock's bounce. This chart shows the why BTC kept in place while stocks bounced - a cross to the upside would really push the price, but it seems the confluence of resistance at this level is too strong - Very likely we will see another drop soon (here to retest the bottom again) - around or during the weekend when stocks will be sleeping.

Keep monitoring it - if we don't break the bottom support - we will break out and have some relief after !