KryptoPapi

$BTC Upside liquidity has been taken out already, this usually happens when it wants to continue the move which currently is going down.

On the macro time frames there no break of structure yet, it seems like the chop continues.

A pivot below 60/59k on the macro will lead to massive panic and the market will bleed.

$BTC Tell me, do you understand macroeconomics or not?

Lets not talk about Bitcoin but its correlation as an asset that can be traded and bought.

1. The US is in its worst debt ever historically of around 38T dollars

2. The FED has decided that it will not pause rates until they feel that it will be safe to do so, there is even talks about a potential increase in rates

3. Companies have to refinance at what they expect were lower rates since the October rally, remember the market is forward thinking, so with a continuous pause on rates (or maybe even an increase) what will happen? Its very clear

4. The ones getting hit the hardest with rates and a declining economy are people who have bought houses, cars, and other assets that are very interest rate focused, these people also will drown with credit card debt

5. China stock market dumped, UK & Japan declared recession, yet the US stock market is at all time high

6. The US spent $2.3T during the covid relief effort, they gave billions in aid to Ukraine, and now they approved military aid to Israel in the billions as well, this spending will only get worse

So tell me, if a crash comes to the US economy from all these beautiful lies they are feeding you, what will happen to Bitcoin?