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Don’t be optimistic and interpret Vosh’s remarks as a straightforward positive for rate cuts this time. He clearly stated that the 2% inflation target will not change, but the current data is not yet sufficient to prove that inflation is returning to 2% quickly. This is crucial. What the market wants to trade most right now is a rate cut—but what the Fed truly cares about is inflation. If the subsequent PCE and CPI data continue to improve, expectations for easing will naturally heat up; but if inflation proves to be erratic, rate-cut expectations will be repriced just the same. So at this stage, I actually think we should stay a bit cautious. The market can price in rate-cut expectations early, but before liquidity truly turns more accommodative, expectations are ultimately just expectations. The hotter the market has been recently, the more you can’t look at only prices—the macro story hasn’t really run its full course yet.
$ZEC When the grayscale opens its mouth, it basically means something bad is about to happen. Every time they talk about the privacy milk track, there’s a high chance we’re about to see a wave of a major plunge. This time they directly called it down to 8000—and I’m actually more panicked.
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#MUA Your good and bad are determined in other people’s eyes, and it only has to do with their interests.$BTC If you fit what they want, they praise and compliment you; if you don’t, they belittle you, slander you. Other people’s approval is the cheapest kind of chain,$BNB So you only need to protect your own feelings and interests; as for other people’s feelings and interests, they will fight for them themselves.$ETH
ENA just had a monster move up 25% to 0.1854 bouncing hard off that 0.1349 low from a couple days ago. That's a textbook V shaped reversal after a grinding downtrend.
The volume tells the real story though: that huge green bar right as price broke out confirms this wasn't a fakeout real buying showed up. RSI(6) at 87 is screaming overbought short term RSI(14) at 74 backs that up so a pullback or consolidation here wouldn't be surprising at all. MACD just crossed bullish and the histogram's turning green which supports the move but it's fresh not mature.
Honestly, this looks like a strong momentum breakout that's due for a breather. Chasing it at 0.1854 is risky waiting for a pullback toward 0.165 0.170 for entry looks smarter than buying the top of this candle. $ENA
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Kalshi takes legal blow in court ruling confirming state powers over prediction markets
This latest U.S. appeals court ruling sets up a rift between federal courts on event contracts, suggesting the U.S. Supreme Court may need to settle the matter.