It looks like we’re about to lower interest rates into increasing inflation.
This is what bitcoin was built for.
Strap in.
Discussion
Did something just happen?
The CPI numbers came out. Prior to this, VP Vance has talked about a weaker dollar being beneficial to the US.
The charts dont look good man. SPY, BTC, DXY, TNX.
What doesn’t look good about them?
Daily charts: Spy topping, btc double topping and 100k resistance, dxy bull flagging, tnx reversing upwards. This is what i see. Gold broke out but likely pullback.
I mostly agree with this, though, I’d add the nuance that I think all of these tops are relatively local. The current US administration has stated they wanted a weaker dollar, and I believe when it takes steps to accomplish this, markets will climb higher.
