🇺🇸👀 #macro Warsh from the Federal Reserve (this post may be updated): – Summer inflation data improved, but the underlying trends have not changed significantly; – The Federal Reserve must be confident that inflation is returning to its target level – otherwise, "we have a lot of work to do"; – The economy remains resilient: consumer spending is strong, the labor market is stable, and business investment is growing rapidly; – Financial conditions are difficult to call restrictive, as credit markets show few signs of hindering policy; – At the July meeting, "a significant majority" favored a wait-and-see approach before changing interest rates. CRASH THE MARKET
$BTC: Coinbase Premium has turned positive, signaling a shift toward bullish U.S. institutional sentiment.
This could be an early sign of stronger U.S. buying pressure entering the market. I’m watching closely to see if this momentum can support a $BTC recovery.
Long-term, I remain bullish on crypto and Bitcoin. 📈
Bitcoin is testing one of its largest supply clusters around $80,000, a level that also aligns with the average cost basis of ETF holders and the 50-week moving average.
This makes $80K a critical battleground. Holders who bought around this level may be less willing to sell at a loss, creating a strong supply wall. A clean break above $80K could change the structure, but rejection could trigger another pullback.