$CLO 29.8% surge behind, last night the Federal Reserve minutes hawkish, non-farm payrolls actually higher than expected by 0.3%, BTC dropped 2.1% simultaneously then was strongly pushed back up by institutional buying frenzy. CLO - Bitcoin 30-day correlation 0.67, CLO - copper price 0.53, this wave is just institutions shifting liquidity from U.S. bonds into commodities and crypto. The jump from 0.13 to 0.19 took only 8 hours, indicating the hard currency narrative is racing ahead.

Currently, the 0.182 level is very tricky, with the resistance at the previous high of 0.197 above, and the 0.382 retracement at 0.167 below. It’s recommended to go long lightly at 0.178, with a stop loss at 0.159, and first target at 0.195 to take partial profits. If U.S. stock index futures plunge tonight, don’t hold the position, this coin’s turnover rate has soared to 15%, short-term funds can flip at any time.
Who wants to bet with me that CLO will retest 0.165 within 24 hours? Like this post as the bet, and in the comments, the loser will call me daddy. Don’t just look at the charts, macro funds are pricing risk for your crypto positions.