$BTC #BTC
Today there’s really not much to write. There’s nothing to add to the notes earlier.
And it’s pointless to read the forecasts. The market is finely balanced on a fragile equilibrium.
Everyone is waiting to see what the Fed will say today.
The joke is that even the Fed doesn’t know what to do. There’s no reason to turn the machine on. Raising rates doesn’t seem like a great solution either because it would increase debt payments. Waiting also isn’t an option.
Most likely they’ll work with rhetoric. Rates will be left unchanged, but the statements will be as tough and sharp as possible for the markets. They need to “utilize” roughly excess money—i.e., inflation. This has always happened through crises, but apparently they’re avoiding a hard scenario. So they’ll just scare people.
The market reaction is more likely to go down than up amid high volatility. So stop-hunts in both directions are also quite possible. If you’re positioned bearish, you can open a short. For a long, it’s better not to open—nothing in it smells like anything other than a squeeze. For intraday, it’s better not to get involved, but you know better. In theory, you can try scalping the imbalances back and forth.
Today there’s really not much to write. There’s nothing to add to the notes earlier.
And it’s pointless to read the forecasts. The market is finely balanced on a fragile equilibrium.
Everyone is waiting to see what the Fed will say today.
The joke is that even the Fed doesn’t know what to do. There’s no reason to turn the machine on. Raising rates doesn’t seem like a great solution either because it would increase debt payments. Waiting also isn’t an option.
Most likely they’ll work with rhetoric. Rates will be left unchanged, but the statements will be as tough and sharp as possible for the markets. They need to “utilize” roughly excess money—i.e., inflation. This has always happened through crises, but apparently they’re avoiding a hard scenario. So they’ll just scare people.
The market reaction is more likely to go down than up amid high volatility. So stop-hunts in both directions are also quite possible. If you’re positioned bearish, you can open a short. For a long, it’s better not to open—nothing in it smells like anything other than a squeeze. For intraday, it’s better not to get involved, but you know better. In theory, you can try scalping the imbalances back and forth.