📉 US new home sales tanked 10.5% in July → 607k (expected 620k)
Consumer confidence dropped to 89.4 in August, also missed.
Macro's getting shaky. When housing cools and confidence fades, liquidity tightens. Fed might hold rates longer than the market's pricing in.
Risk-off sentiment = watch your longs. $BTC and alts usually bleed when macro turns sour.
Stay liquid, wait for confirmation before aping back in.
Consumer confidence dropped to 89.4 in August, also missed.
Macro's getting shaky. When housing cools and confidence fades, liquidity tightens. Fed might hold rates longer than the market's pricing in.
Risk-off sentiment = watch your longs. $BTC and alts usually bleed when macro turns sour.
Stay liquid, wait for confirmation before aping back in.
