bitter shorts
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$BTC It's in the news that next proposed FED Chair Kevin Walsh is expecting to slash FED assets by USD 800 billion per year. This hopes to strengthen the USD, raise long run interest rates and relieve the FED balance sheet of nearly USD 7 trillion in assets accumulated during QE since 2008/09 financial collapse. Despite this expected reduction in liquidity in financial markets why are crypto currencies having a bull run? $BTC
correct me if I'm wrong. #BTC is showing a unique technical set up that as I see can push the price down below 60k. the 7 day ema approached the 100 day ema and turned down before crossing it from below. this in the past has happened during price peaks when #BTC is in long run decline. when this happens the price has usually collapsed below the low of the pull back. going by this observation this is a good time to short #BTC. what do you all think ? $BTC
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