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$BTC - June Plan
Two main scenarios going into June
1) More bullish scenario. Put in a low into 100-102k (Weekly Draw + FVG) before another attempt at ATH++
2) Less bullish scenario. Same idea as 1 but we fail to break into new ATHs and instead put in a lower high, range it for the remainder of the month and into July. Looking for range discount for swing longs into new ATHs
In either case, 100-102k is a nice area to look for longs. Worst case we get 108k into a lower high. Best case we get new ATHs.
93.4k is a monthly draw due to the monthly SFP so key level also. Would be looking for that to get taken out in scenario 2.
GL
Long-lasting high-satisfaction marriages have two traits:
High commitment: the elimination of alternatives
Low expectations: decreasing your demands of others
When you’ve got no other options, and you get more than you wanted, you won.
Bond yields are spiking. Prices are plunging.
The US government has a solution: change the SLR rules.
SLR = Supplementary Leverage Ratio
A regulation that limits how much leverage banks can use.
By tweaking it, banks can suddenly use much more leverage to buy Treasuries.
This props up the bond market without calling it QE.
But make no mistake: it’s the same effect. = Money creation via the banking system.
Expect this by summer 2025.