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Been seeing some de correlation from crypto vs. stocks which is a good sign for crypto. If we crash on stock side and crypto takes an upswing, thatโs a good sign. For now letting price action be a guide
August should have some volatilityโฆwill be watching how things pan out next week. Looks like EU and trump close on a trade deal. I think China deal is done, that was the biggest concern. Price action looks healthy on crypto side, it does look a little frothy on stock side.
The ridiculousness of the market is highly entertaining, but letโs not forget why weโre here in our most innate state. Do we even really care about tech? Yes and no. But weโre really here to profit at the core.
As evidenced, this cycle has happened a lot faster than before. We also have high manipulation from market makers to suppress price around 100k. It certainly has been a bit of a battle at this price action.