S&p 500 correlation with bitcoin indicates short term bull

Bitcoin isn't showing any clear signs of what trend it is in . The index has proven to be a reliable bitcoin leading indicator. Currently, the index is in a rising channel. This indicates to me that bitcoin is either nearing or has already reached a bottom in the short term. The risk of buying bitcoin at this level is that it could fall to as low as 20k in the following weeks, but if there is a relief rally, it could reach 40k.
In the coming weeks, I expect a lot of discomfort.
Best wishes and keep yourself safe.