Do not underestimate the power of BTC as a leading indicator for Nasdaq. Note on the chart below that Bitcoin is at a critical level this weekend. Either BTC recovers the trend channel coming up from summer, 2024, or it plummet's another 25%. Imagine what a decline to $75K would do to all risk assets, including QQQ. Now think $50K.
We are trading, BTC and QQQ in our trading services and have already taken partial positions via options in both. Nonetheless, the best is yet to come, with a key add-on trigger not far below Friday's QQQ close.
BTC
PS: We will be BTC buyers @ $50K