The King says, don't blame me, I'm still the old man...
The market doesn't care about him, he said angrily, I'm going to sell Tesla.
The unemployment rate shown by non-farm employment is further deteriorating, not the so-called positive fundamentals released by some media analysts to comfort people, but is rapidly worsening.
The King's team has publicly challenged the Federal Reserve, and both are incompatible and unconvinced. Powell anyway has a moral high ground, saying he is independent and does not submit to any king's authority. So no matter whether the data further deteriorates or continues its current momentum, he will not quickly cut rates before the end of the third quarter. This is no longer an economic big problem, it's about political correctness.
Gold is fluctuating, BTC gave a head-on blow to those betting on rate cuts, maintaining volatility. A day-level further decline will likely be the next high-probability event, until the farce between the King and his sidekick ends or reverses (recently they were wearing the same pants, now slapping each other, seeming too jumpy and torn, but calculating their average intelligence, it's hard to say they're not putting on a show for some hidden agenda, but from another perspective, perhaps no one is paying attention anymore, treating it as a comedy).
crypto
Encountering these two unreliable supporters is just bad luck
But fortunately, the future of decentralization and crypto punks will not be altered by any individual's will. In the short term, if there's a deep adjustment, who says it won't be a better opportunity to get on board?
#BTC
#Stagflation Great Depression
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#Crypto Bear Market Arbitrage Hedging Strategy
#Cycle-based Anti-fragility Trading Framework
