Recently, the exchange rate relationship between Bitcoin ( BTC ) and the Nasdaq Index has attracted market attention. Observing historical trends, we can see an interesting shift: before May, both exhibited a trend of synchronous rise in peaks and troughs, whereas starting from June, this relationship has shifted to a structure of synchronous decline in peaks and troughs.

Currently, the market seems to be at a critical decision point. In the short term, we observe a higher low emerging, even showing signs of a head and shoulders bottom pattern. Do these signals indicate a potential reversal in the trend?

However, from a long-term perspective, to completely reverse this downward trend, the Bitcoin price needs to break through the most recent rebound high point on the left. It is worth noting that the Nasdaq index has already reached a new high, and if Bitcoin wants to surpass the Nasdaq in terms of percentage increase, its price may need to soar directly above $120,000.

However, achieving such a significant rise in the short term still seems to face challenges. Unless we can see the previous abnormal situation where the U.S. stock market declined while Bitcoin remained stable occur again, the current market trend is more likely to be a rebound of the same level.

In this complex market environment, investors need to remain vigilant and closely follow the changes in the correlation between Bitcoin and the Nasdaq index, as well as the macroeconomic factors that may affect the relationship between the two. In the future, the interaction between the digital asset market and the traditional financial market will continue to provide us with interesting perspectives.