Gold’s rebound has been really bumpy. As soon as expectations of a December rate hike came into play, prices immediately lost steam, and now they’re stuck in a 4-hour correction. My personal view is that it could still reach around 4300, but that’s about it—with interest rates remaining high and the rate-hike cycle continuing, the previous bull run is over, and gold is likely to remain in a bear market over the long term. By comparison, the case for risk assets is much clearer. The halving narrative around $BTC and the ecosystem progress of $ETH are both worth watching. Don’t waste your ammunition on assets that are heading downhill.
#BTC #Crypto