Odds of a Near Term Bounce Are Increasing, but Patience Still Makes Sense

Discussed in today’s video:

• Hawkish Fed commentary and renewed concerns around private credit contributed to today’s crypto weakness.
• A clear positive was the absence of the forced or highly motivated seller that pressured the market last week.
• My bigger concern is the continued complacency and build-up of bullish leverage in BTC perps.
• NVDA earnings and the upcoming BLS jobs report could be meaningful catalysts later this week.
• Overall, while the risk-reward has improved sharply since last week, I still prefer staying patient here.

Tickers in this video: BTC -5.30%