7.14 Rate-Hike Cycle

1. On July 16, the Bank of Korea will hold its meeting. Market expectations are that it will most likely raise rates by 25BB, and the probability that the Federal Reserve will hike rates once this year is already as high as 70%.

2. The storage sector has seen consecutive sharp declines recently, but it is still in a bull market—there is a decent opportunity to enter.

3. The long-term view on BTC is that 60K is not the bottom; it’s the waist. After repeated choppy consolidation, it will ultimately follow the stock index into the final bear market, with potential for a “cut in half” $BTC .