Hi folks, the big news here is that USD is breaking down, so are the US 2 and 10 year yields... They all have broken down out of their channels and might do a "retest" at 104.6 for USD, and then it's likely headed down. Market is waiting for confirmation, and that is why BTC is above 70K again, cocked and loaded, ready to go.... My last message was that the Fed would like to hike rates one or 2 more times, which is why they keep draggin their feet at rate cuts. BUT the economy MAY NOT allow them to drag it on, US economy is starting to see some weakness. Again, this is my Boxer analogy, he wants to keep swinging for a knock out after 12 rounds, refusing to go to the toilet, but he might burst in his pants if he keeps holding out for too long. So this is all looking good for BTC, and if BTC gets above 73K and confirms, then I think the retail money will finally get all those BTC at new ATH headlines and come into crypto, then we have a more general bull market where many narratives pump at the same time. I am flying to Fiji, so I'll keep the messages brief for next few days. On Wed US we have the Services PMI, and on Friday NFP jobs, and on Thursday we have Europe deciding to cut rates or not.... These are now MORE important because they are happening in a week where it looks like the USD is breaking down, so they could help give the final push to get USD down. If so, then so many assets will take off, US stocks $BTC (and later altcoins) and Gold/Silver as well, China/HK stocks too.#stock
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