Rudoviljoen

New Fed Chairs = turbulence.
S&P 500 avg -12% drawdown in first 3 months (Greenspan -33%). Greenspan did & Warsh claims he will remake the FED system.
Markets despise uncertainty and change. The pullback risk is real. History rhymes.

Bitcoin micro view.
The more price chops the more it reinforces this next move will be big.

Would You short this?

#PPI Mildly Bearish / Cautious
The READ is its; hotter-than-expected...
Even though Core PPI was good, the market is focusing on the fact that inflation is not cooling as fast as hoped, especially with energy prices staying elevated.
This makes traders less confident that the Fed will cut rates aggressively in the near term.

I'll say it again - Bears wont survive this pump.
2 levels to keep an eye on;
- 63K bitcoin:native major resistance
- 71K Relief rally target
ATM we are just chopping as traders are positioning themselves for either scenarios (in green)