Posteo
alia khan
Expanding on this, I still think a you need the long end to stop going up for BTC to go meaningfully higher.
It will act as a headwind otherwise. The bond market takes a bit of time to move after FOMC, so we will see what happens today/tomorrow.
Should it melt up then I think you get a bigger drop on BTC. The dynamic is still buy the dip.
Select alts currently don’t give a fuck. They also didn’t care and were moving up, albeit slower, when BTC was down in the 60s. There is a
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