The Fed will likely not raise rates in October.
The long-end will likely bounce back up after this into midterms.
After midterms, the long-end should start dropping (around mid-November).
@benjamincowen This time I can Guess Market Individuals and Retailers are so bullish about crypto. They just trying to ignore your analysis. So In consequence market is gonna dump again ☠️🫡
What is crazy is if Bitcoin accepts below the range, it would likely completely unwind in 2-3 weeks, and then the cycle as measured from low-to-low would be nearly identical to the last 2 cycles.
So Fed does not raise rates in October.
Long end bounces into midterms
Long end drops before December FOMC
Fed raises in December.
Exactly what happened in 2018
I've gone short on Bitcoin. After about 86 days above the daily Supertrend, the last four hours show $5.1B in selling against $4.6B in buying. I think we could see a drop toward $69K to $68K. If it reaches $60K, I'd look to accumulate.