BTCUSDT Analysis by @thestockschannel

The analysis reviews SPY, QQQ, DIA, and BTCUSD, identifying potential pullbacks. SPY faces rejection at $628, potentially falling to $600 if it breaks below this level; a failure above $630 would invalidate the bearish outlook. QQQ shows a rejection near its all-time high, and a break below $560 could lead to a decline towards $530; it invalidates over $570. DIA indicates multiple lower high rejections, suggesting a potential bearish reversal towards $430 if it continues to decline from a lower high which invalidates over $445. BTCUSD faces lower high rejections and breakdown of support at $118,000, which could lead to a drop towards $112,000; a failure above $119,000 would invalidate this. All analyses hinge on price action confirmation.