Yesterday, We had a worse than expected unemployment numbers.
Which is bullish, monetary policy wise, for risk on assets.
Underpinning the "Higher for longer" rates thesis.
However here is a legit bear case scenario to keep in mind.
SPY had a follow through day but few quality names breakout.
Which means market could stay weak for a little longer.
We had a really nice reversal on BTC with plenty of alts following along +10%.
I am long OM, ARKM and PEPE.
However I see a legit bear scenario to 48k on BTC.
Which is bullish, monetary policy wise, for risk on assets.
Underpinning the "Higher for longer" rates thesis.
However here is a legit bear case scenario to keep in mind.
SPY had a follow through day but few quality names breakout.
Which means market could stay weak for a little longer.
We had a really nice reversal on BTC with plenty of alts following along +10%.
I am long OM, ARKM and PEPE.
However I see a legit bear scenario to 48k on BTC.
Trade closed manually:
Let's close this short and buy BTC to the MOON