Take a look at the S&P 500 index and the unemployment rate chart.

When the 🇺🇸 unemployment rate increased, the S&P 500 also increased. I think it's related to the monetary policy.

When the unemployment increases, the Fed tends to change the monetary policy from tightening to easing. Some representatives of monetary easing are quantitative easing, buying corporate bonds and low interest rate(Federal Funds Rate), etc.

Now, the unemployment rate is ATL(All Time Low). It seems that the S&P 500 is in bottom this cycle. It looks good for Bitcoin(BTC) as well.