Trump AI Task Force Meets Thursday
An FTC spokesperson confirmed that Trump’s artificial intelligence task force will meet Thursday. The agenda, attendee list, and budget have not been disclosed. The news comes as the AI sector enters the tail end of two consecutive weeks of net outflows.
Order-book depth for AI tokens is thin, and a single tweet can trigger double-digit swings. During a news window like this, market makers will only tighten their quotes and widen slippage. Sentiment may first rally on expectations ahead of the meeting, and has room to rebound on the 4-hour chart. But unless the agenda includes substantive measures such as computing-power purchases or data centers, selling pressure will likely hit hard on the first trading day after the meeting ends, with the rebound probably stalling at the previous swing low. will determine whether this move lasts two days or ends as a candle with a long upper wick. Until it holds above the bottom of the range, any rebound in the AI sector is just a short-term play by traders already in the market.
For those of you holding AI tokens, what’s your cost basis? Will you still dare to add after Thursday’s meeting?
$TAO $FET $BTC
An FTC spokesperson confirmed that Trump’s artificial intelligence task force will meet Thursday. The agenda, attendee list, and budget have not been disclosed. The news comes as the AI sector enters the tail end of two consecutive weeks of net outflows.
Order-book depth for AI tokens is thin, and a single tweet can trigger double-digit swings. During a news window like this, market makers will only tighten their quotes and widen slippage. Sentiment may first rally on expectations ahead of the meeting, and has room to rebound on the 4-hour chart. But unless the agenda includes substantive measures such as computing-power purchases or data centers, selling pressure will likely hit hard on the first trading day after the meeting ends, with the rebound probably stalling at the previous swing low. will determine whether this move lasts two days or ends as a candle with a long upper wick. Until it holds above the bottom of the range, any rebound in the AI sector is just a short-term play by traders already in the market.
For those of you holding AI tokens, what’s your cost basis? Will you still dare to add after Thursday’s meeting?
$TAO $FET $BTC