With the next FOMC meeting coming up in a month, let me be clear about somehing.
If the Fed cuts rates by 100 basis points right now, two things happen immediately:
1️⃣ The U.S. saves $300B in interest on its debt.
2️⃣ Short term borrowing becomes cheaper and businesses and consumers borrow more, spend more, and GDP rises.
🔹 This is basic monetary mechanics. Lower the front end of the curve, and you trigger reflexive growth. That growth fuels itself. Even if inflation nudges up a bit, you are expanding your way out of the current fiscal trap.
🔹 If all the numerical and economical justification is there to lower rates, plus it has all of these other positive externalities for the United States economy too, why isn’t it happening?
Because the decision isn’t economic, it’s political. Anyone pretending otherwise is either naive or serving an agenda.
Jerome Powell is running out of time and political capital.
Markets move on rates. Growth moves on credit. The Fed knows this. You should too.
Disappear for 6 months and do this:
• No Porn
• Hit the gym
• Journal daily
• Be disciplined
• Learn new skills
• Go out in nature
• Read good books
• Ditch bad company
• Build an online business
• Focus on your own goals
You will return unstoppable next year.
James Wynn(@JamesWynnReal) is back and opened a 40x leveraged $BTC short position.
Current position: 13.9 $BTC($1.49M)
Liquidation price: $108,630
https://t.co/FX6sISWuDP
❗️For entry positions, it is recommended to consider the range between 65000 and 66000 for long orders. This range provides strong support.
When managing positions, it is advisable to build positions gradually & be cautious of price fluctuations to avoid unnecessary losses $BTC
✅After a wave of continuous adjustments and declines yesterday, the price returned to the support level within the wedge triangle pattern and has been fluctuating within a narrow range.
Currently, the market is in a relatively stable position. (cont..)
$BTC #Cryptocurency#ETH
✅The best entry point depends on your risk tolerance and trading strategy.
In the recent price action, there was a significant downward movement, with the price dropping from 72890 to the lowest point of 68216. This suggests strong selling pressure and little resistance.