BTC is overselling. Keep averaging your entry points!
Let me predict two FUD scenarios:
1) CPI is higher than expected, even if the US has released some of its strategic oil reserves on the market and that oil is being shorted for the last month or so to help traditional markets with some hopium - Trad markets' dead cat bounce ends and BTC follows Nasdaq's fall.
2) CPI is lower as expected given the oil price release in the past month - Trad markets continue their uptrend and BTC is shorted as markets will want to send a signal that hyperinflation is now under control, that FOMC will have a soft approach towards funds without significant FX shorting on the USD.
My medium-term prediction: FOMC is behind the curve and fiats are sinking. 1BTC = 1BTC.
OMS
1) CPI is higher than expected, even if the US has released some of its strategic oil reserves on the market and that oil is being shorted for the last month or so to help traditional markets with some hopium - Trad markets' dead cat bounce ends and BTC follows Nasdaq's fall.
2) CPI is lower as expected given the oil price release in the past month - Trad markets continue their uptrend and BTC is shorted as markets will want to send a signal that hyperinflation is now under control, that FOMC will have a soft approach towards funds without significant FX shorting on the USD.
My medium-term prediction: FOMC is behind the curve and fiats are sinking. 1BTC = 1BTC.
OMS