As predicted, Fed Chair Powell has set the stage for a rate cut in September. Room for interpretation regarding the size, but I anticipate 25 bps.
“Powell says confidence in 2% inflation path has increased, time has come to adjust policy, does not seek further cooling of the labor market: Jackson Hole” - J. Powell
I think most of this is already priced-in, and I see this as being a non-event. BTC price is actually already reflecting that. BTC market makers have baited in bulls by allowing BTC price to touch close to $62k, and are now dumping (as predicted).
Here’s my position:
Size isn’t too big, as I’m not anticipating a substantial drop. Thinking we sweep the lows at around ~$52k-$55k. If you believe in numerology and timelines, we could touch $44,444 price per BTC. Odds are low. Further, I do believe that there is a (technical) non-zero chance we actually touch ~$25k again in a bearworld timeline.
My primary thesis is we’ve again rejected $62k sell wall from Binance, and that we won’t actually see “up-only” price action until -
A. CZ released from prison officially.
B. Treasury injects meaningful liquidity into the economy, which eventually finds its way into capital markets (risk assets).
C. More substantial rate cuts get priced-in.
D. Finalize selling of US Gov. BTC, Mt. Gox creditors waiting to sell into strength, and paper hands.
Once these conditions are met, and ONLY then… will I go full port bullish. Until then, let’s keep extracting juicy yield in DeFi where possible. Many Crypto Natives will continue chain-hopping and playing the memecoin / altcoin game in attempts to out-rotate BTC chopsolidation. We SHOULD BE CAPITALIZING ON THIS BY PLAYING HOUSE. Get in the trenches, and start provisioning liquidity, or lending stables for safer yield to capitalize on gamblers. Tron blockchain is utter garbage and a likely scam, however, tons of juicy fees to be captured. Additionally, Sui and Solana still have substantial volume (Solana bigger volume of course).
I have some other more complex strategies in play as well, but a little risky to share. For those that want access to that, or would like a personalized session with me, feel free to subscribe to our limited-time “Founders Plan” or our upcoming DeFi Intelligence Group. More to follow on that soon, as we want to build the best Crypto and DeFi platform to deliver real results, not just “education”.
That’s all for now, good luck out there, and stay relentless.
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BTC / Crypto Macro Update
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Hey all,
As predicted, Fed Chair Powell has set the stage for a rate cut in September. Room for interpretation regarding the size, but I anticipate 25 bps.
I think most of this is already priced-in, and I see this as being a non-event. BTC price is actually already reflecting that. BTC market makers have baited in bulls by allowing BTC price to touch close to $62k, and are now dumping (as predicted).
Here’s my position:
Size isn’t too big, as I’m not anticipating a substantial drop. Thinking we sweep the lows at around ~$52k-$55k. If you believe in numerology and timelines, we could touch $44,444 price per BTC. Odds are low. Further, I do believe that there is a (technical) non-zero chance we actually touch ~$25k again in a bearworld timeline.
My primary thesis is we’ve again rejected $62k sell wall from Binance, and that we won’t actually see “up-only” price action until -
A. CZ released from prison officially.
B. Treasury injects meaningful liquidity into the economy, which eventually finds its way into capital markets (risk assets).
C. More substantial rate cuts get priced-in.
D. Finalize selling of US Gov. BTC, Mt. Gox creditors waiting to sell into strength, and paper hands.
Once these conditions are met, and ONLY then… will I go full port bullish. Until then, let’s keep extracting juicy yield in DeFi where possible. Many Crypto Natives will continue chain-hopping and playing the memecoin / altcoin game in attempts to out-rotate BTC chopsolidation. We SHOULD BE CAPITALIZING ON THIS BY PLAYING HOUSE. Get in the trenches, and start provisioning liquidity, or lending stables for safer yield to capitalize on gamblers. Tron blockchain is utter garbage and a likely scam, however, tons of juicy fees to be captured. Additionally, Sui and Solana still have substantial volume (Solana bigger volume of course).
Current DeFi Positions:
SOL-USDC - ORCA
SUI-USDC - TURBOS
PYUSD (LEND) - KAMINO
JUP-SOL (VAULT) - KAMINO
I have some other more complex strategies in play as well, but a little risky to share. For those that want access to that, or would like a personalized session with me, feel free to subscribe to our limited-time “Founders Plan” or our upcoming DeFi Intelligence Group. More to follow on that soon, as we want to build the best Crypto and DeFi platform to deliver real results, not just “education”.
That’s all for now, good luck out there, and stay relentless.
- PJ
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