The blue line area shows the historic and current FED's Fund Rate.
Looking back in the past it appears the US10Y (yellow line) is predictive of FED's fund rate upper target (orange arrows).
The US3M (turquoise line) seems to be a good indicator to get a feeling for the FED's fund rate short-term up or downward trend.
In the FOMC Summary of Economic Projections...
AMZN has been making an ABC correction since the 188 ATH. The decline was very fast once it failed
to hold the 150 volume profile zone. It has retraced exactly to 101, the 0.854 FIB of the 82 pandemic low to ATH. There was a little bounce but AMZN basically is just hovering around the 2016 TL while consolidating inside my red box without breaking the downtrend...
Bottom found? US markets likely to follow EU markets very soon. I suppose to see BTC to hold the 20k$ for atleast short-term. With upcoming inflation data for july, I see a direct correlation that US inflation data will also be promising, leading to a recovery to atleast 24-25k$ in short-term. Altough rising OIL prices and commodity could mid-term again crush this...
