It is insane how bearish I feel - not in terms of where we are going, but current sentiment.
Still feels 10 times worse than 2022.
Then I look at the price, and it's $61,000.
This is a good thing. Patience will pay off for those who stick around.
HUGE WARNING: π¨ $BTC dumped -27.74% after the last US CPI print came in hotter than expected.
The April CPI hit 3.8% YoY.
$BTC went from $82K to $60K in 3 weeks.
The next CPI prints tomorrow at 8:30 AM ET.
Consensus forecast: 4.2% YoY.
The highest reading since April 2023.
If it comes in hotter than expected again (Middle East conflict pushing energy prices).
Earlier or more rate hikes back on the table.
Position accordingly.
$ETH failed to break above the Feb lows and is now coming down.
$1,550 is the next support zone for Ethereum, and failing to hold it means ETH will dump to new lows.
Dammn...
$1.65 Trillion has been wiped out from gold and silver in the last 18 hours.
This is more than the entire market cap of Bitcoin and ETH combined.