BTC thesis for this year is a bottom in late Q3/early Q4 around $45k. I've realized it's better to keep it simple. I believe we're still following the 4-year cycles. Time will tell.
Jerome Powell will mention inflation 50+ times today. He has done it 3/6 times this year, averaging 51 mentions per conference.
Latest CPI data saw inflation at 3% beating estimates (3.1%). But still went up 0.1% YoY from 2.9%.
Rate cut + rising inflation = 50+ mentions.
Seeing the state of the market right now, Iโm only holding on to very few plays that I trust enough to hold.
However, if things turn uglier and the market turns bearish, I will dump everything I have and wait to buy around the bottom.