Trump personally stepped in to call out trades, saying “the stock market will rise.”
But the market is now betting that the probability of a 25-basis-point rate cut in September is down to less than 30%. Nonfarm payrolls hasn’t come out yet—talk alone can’t save liquidity.
The US stock rebound is holding up risk appetite; BTC is catching a breath too. Don’t get carried away—real, hard-fact price action has to wait for the data to land.
Don’t rush to add positions if you’re bearish, and don’t fantasize about a V-shaped reversal if you’re long. Volatility is likely to pick up tonight.
$BTC
But the market is now betting that the probability of a 25-basis-point rate cut in September is down to less than 30%. Nonfarm payrolls hasn’t come out yet—talk alone can’t save liquidity.
The US stock rebound is holding up risk appetite; BTC is catching a breath too. Don’t get carried away—real, hard-fact price action has to wait for the data to land.
Don’t rush to add positions if you’re bearish, and don’t fantasize about a V-shaped reversal if you’re long. Volatility is likely to pick up tonight.
$BTC
