Bessent (US Treasury Sec) just said the underlying economy is "very strong" and core prices are stable.

Translation: They're not pivoting anytime soon. Rate cuts? Forget it. Liquidity? Still tight.

This is bearish for risk-on assets short term. $BTC and alts need looser conditions to rip. If macro stays hawkish, we're grinding sideways or lower until something breaks.

Watch bond yields and DXY. If those keep climbing, crypto's gonna bleed.