So far we did 16% on the recent move and just dipped 4.5% after 9 days of up only.

That is not bad all.
And we are at ATH levels.

As long as 120k holds, don‘t get too anxious.

Also, as long as SPX keeps pumping up the bubble.

Don‘t get me wrong, we can pump a whole lot but everything is risky at these levels.

If we disregard the weak altcoin performance, BTC has had a great run. I wouldn‘t be surprised if it is just over at some random day in the -not too far distant- future.

Not saying the dip is over but considering these stats, the LTF is holding pretty well.

It may be as noone felt excited about the previous move, noone is scared now about this correction.

I tend to believe we could very well see new ATHs within the next days.

This does not rule out my above post by the way.

The market is extremely unhealthy but markets tend to be irrational for extended periods.
Every country is emergency printing already. They fight their problems with more printing. This usually works until it doesn‘t (2008). But even then, it will continue to work until the broad mass accepts BTC or something similar as the solution.

Gold has never been „the solution“. Just a temporary workaround.

$BTC log

Added the current levels that would break this trend that started in june 2022 until today.

$SPX going for it once again.

🗽👀 #COIN Coinbase announced the launch of DEX trading on their app, which is now available to users in the US.

it is all coming together

🇺🇸👀 #macro #FOMC Minutes Fed meeting:
- Inflation remains at elevated levels;
- downside risks to the labor market have increased;
- most Fed members expect at least two 25 basis point rate cuts by the end of the year, and about half expect three cuts over that period;
- rate hikes will boost inflation this year and put additional upward pressure on inflation in 2026;
- forecast inflation to fall in 2026 and reach 2% in 2027, with a continuation of this level in 2028;
- the labor market is not expected to be a source of inflationary pressure;
- growth of economic activity slowed in the first half of the year

Tl;dr: we are fucked but we gonna print even harder

LTF update

liqudity grab

Sucks but we hit 120k. If we don't hold this, we will most likely go to 117k region.

Imo, it is all about $SPX. I am relaxed as long as we stay above this trend. A break and I will become very concerned for much further upside.

*TRUMP: CHINA BECOMING 'VERY HOSTILE,' SENDING LETTERS ON EXPORT CONTROLS

*TRUMP: WILL BE FORCED TO FINANCIALLY COUNTER CHINA'S MOVE

*TRUMP: CONSIDERING MASSIVE INCREASE OF TARIFFS ON CHINESE PRODUCTS