Technical analysis by Monovon about Symbol BTC: Buy recommendation (7/21/2023)

Macro analysis of BTC against the S&P 500 BTC front-ran the S&P top back in Nov 2021. The S&P caught up at point 3. Later, BTC lagged against the S&P bottom and imo is currently still lagging. With both the S&P and DXY at April 22 highs/lows, BTC should logically follow this run up. Never in BTC's history has a "bear market" rally ended without a blowoff top. I believe this is an accumulation phase for BTC before an aggressive move up.