Bitcoin's resilience is under scrutiny as the S&P 500 continues its decline. Last month, Bitcoin and Ethereum reached their peaks just as the S&P 500 began its downward trend. Traders are keenly observing whether Bitcoin will mirror the traditional market's fall or maintain its strength, reminiscent of its performance in April 2025. A new local low for Bitcoin could lead to a swift drop to $90,000, while maintaining levels above previous lows may affirm its status as a robust macro asset.