Fellow trader Crypto Tony likewise urged caution until $27,500 returned. His focus was on largest altcoin Ether (ETH), which rebounded from lows of $1,840 at the May monthly close to hit $1,897 on the day.”Now i have gone over the structure and we really are not bullish unless we flip $2,000 into support,” part of Twitter commentary nonetheless warned. An accompanying chart presented a target of $1,700 or lower should the $2,000 mark fail to flip.ETH/USD annotated chart. Source: Crypto Tony/ TwitterBitcoin move “should be here”Elsewhere, others argued that time was ticking for Bitcoin price to break out, with financial commentator Tedtalksmacro flagging favorable macro conditions.Related: Bitcoin hodlers exited ‘capitulation’ above $20K, new metric hints“Treasury yields + USD lower, gold + equities higher,” he summarized about a comparative performance chart on June 1. “If Bitcoin is going to move, it should be here imo… TradFi shifting risk-on again.”Bitcoin vs. macro assets comparison. Source: Tedtalksmacro/ TwitterPopular trader Moustache was equally upbeat about a Bitcoin copycat move based on bullish signals from the S&P 500.“If the S&P 500 looks bullish, so does Bitcoin,” he concluded in part of his latest market analysis.$BTC If the S&P 500 looks bullish, so does #Bitcoin. 5 months later and everything is going according to plan (see next tweet). -Breakout from a >1-Year Descending BW
-Successful retest✅
-Inverse Head & Shoulder
-First (W)-Candle is about to close ABOVE the SMA 100 pic.twitter.com/p36vZZgCoE— ⓗ (@el_crypto_prof) June 1, 2023
Moustache built on existing findings from January, in which he predicted similar moves on Bitcoin should the S&P 500 stage a comeback.Magazine: AI Eye: 25K traders bet on ChatGPT’s stock picks, AI sucks at dice throws, and moreThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.