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BTC update
Given the current PA, the strength in job reports from this morning, the unresolved and escalatory issues in the Middle East, and the rise of inflation, I don’t see how the FED can cut rates.
Infact, odds are stacking in favour of a rate hike if this continues
This Flat 3-3-5 structure makes the most sense to me with a natural 50-55K target if wave 5 is un-extended
Cascade liquidations would bring this quickly to low 40s so it’s key to keep an eye on liquidation levels.