Billy Madison retweeted
$DXY 1D
Small update going into FOMC / Interest Rate decision, so market is expecting the "final" 25bps hike (Wednesday 26th July, 2pm ET)
However tone will be important (hawkish or dovish hike)
dovish hike / FED tone implies continuation in USD downtrend (bullish for risk assets)
hawkish hike / FED tone implies USD strength & higher yields as well increased probability of volatility in equities / bonds (bearish for risk assets)
$DXY 1D
Important day / Close of the week for USD, likely to remain semi strong into FED interest rate meeting on Wednesday next week.
USD is currently testing previous 1D support area, risk for equities / crypto is above $101.5
Billy Madison retweeted
Seems like $BTCUSD is exhausting many trader's patience. That is usually the condition you see before strong moves. Not sure about the direction though. I will stick with my well-defined boundaries. I know that increased volatility is around the corner. Capture the directional move.
Billy Madison retweeted
$BTC
There is literally no difference between being bearish here at 29.5k-30k vs being bullish at 31k-31.5k
Does it feel heavy? Sure. But it also felt pretty pumpy around range highs. Ranges are meant to be a mindfvck
We are still in a range until we aren’t
