Lots of people misunderstand Powell and will become trapped because of it.
He didn't say anything new today. Watch the data from now until 22nd. If surprise hot, top, over.
If not. We're melting up hard rest of year. Don't get baited by mainstream bear traps
I block all that noise all I know is that bitcoin has been on a 3 years up 1 year down 3 year up 1 year down cycle for as long as i go back on btc charts.. lmao 🤣🤣🤣🤣
Sadly, I don’t think it’s what Powell says, it’s what they do. And what’s happening in the broader global liquidity environment. If people have less money and need to sell assets to pay bills and survive, unfortunately BTC is out on the edge of the risk curve and one of the first to go. It’s no different than golf memberships, spa days etc.
I think the balance the Fed is trying to keep us between deflation and inflation as both are no bueno for them. Deflation causes debt cost to rise, inflation causes asset prices to rise
