With CPI coming in at 4.9% vs 5.0% est. for April and trending downwards, the probability of a pause in rate hikes increases significantly. The market seems to be ahead of the news as we're well off the Q4 2022 lows.
I think the "disbelief" rally continues higher as Bitcoin develops a megaphone accumulation pattern in a strong uptrend, and sentiment & positioning is extremely bearish.
Possible local top in July 2023
I think the "disbelief" rally continues higher as Bitcoin develops a megaphone accumulation pattern in a strong uptrend, and sentiment & positioning is extremely bearish.
Possible local top in July 2023