Good morning friends! ✋
With#Bitcoinmonthly closing, we left the#FEDdecision behind.
Yesterday,#FEDPresident Powell gave positive messages to the market and emphasized that interest rate cuts are on the table as of September.
Now you will say, "So why did#BTCfall?"
With Powell's statements, those who take LONG positions do not liquidate and increase the stock without taking liquidity. We are going through that process right now.
While#Nasdaqclosed the day with +3%, I see no other reason why#Bitcoinfell to $63,500 while inflows to spot ETFs continued. This decline will not last long, we will soon be on the $80K journey. 😉
I wish everyone a blessed and fruitful day. 🤲