I’m aiming to turn 500U into 10,000U, and I’ve already made back the losses from the first two days. I’m not trading over the weekend—I’m going to slow things down for now.
I’m still leaning bearish on BTC and ETH. There’s just one reason: U.S. Treasury yields are too high, and they’re still climbing, which will put real pressure on major coins. My bet is that if Treasury yields keep rising, BTC and ETH could pull back somewhere in the 10% to 20%-plus range.
I currently have three short positions: BTC, ETH, and $ZEC . I’ll decide whether to close them after the outcome of the meeting on the 8th is announced. Inflation and whether rates will be raised both hinge on this.
Levels I’m watching: BTC support at 84,000, resistance above 87,000; ETH support around 2,660, resistance around 2,750.
Waiting for the 8th.
#BTC #ETH #ZEC
I’m still leaning bearish on BTC and ETH. There’s just one reason: U.S. Treasury yields are too high, and they’re still climbing, which will put real pressure on major coins. My bet is that if Treasury yields keep rising, BTC and ETH could pull back somewhere in the 10% to 20%-plus range.
I currently have three short positions: BTC, ETH, and $ZEC . I’ll decide whether to close them after the outcome of the meeting on the 8th is announced. Inflation and whether rates will be raised both hinge on this.
Levels I’m watching: BTC support at 84,000, resistance above 87,000; ETH support around 2,660, resistance around 2,750.
Waiting for the 8th.
#BTC #ETH #ZEC