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

Tickers in this video: BTC -5.30%

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