low timeframe path for Bitcoin regarding to BTC/SP500 chart

This is a very bullish combination: H&S inverse confirmed at the time an important resistance is broken. It seems that we are going to be bullish on bitcoin at least until we reach the H&S projection (red line).

But don't be fooled. Bitcoin continues to have a bearish behavior (in medium timeframe) at least until the 70k barrier is clearly surpassed.