Cycle Bottom Indicator [CBI] - Log Chart [UPDATE 03 - FED 0.75%]

Quick update on the Cycle Bottom Indicator (CBI) tracking + Log Chart post central bank federal funds rate announcement with a 75 basis point increase.

See link for announcement: wsj.com/livecoverage/federal-reserve-meeting-interest-rates-june-2022

This was not too much of a surprise, given:
1) inflation numbers after a
2) massive increase in M1 currency supply post COVID (in all tear 1 currencies) and
3) the massive gap emerging between 2 Year Treasury Bond Yield vs FED Funds Rate we discussed in the last post.
https://www.tradingview.com/chart/US02Y/iXbQtg6f-2-Year-Treasury-Bond-Yield-vs-FED-Funds-Rate/

There is every chance the FED will continue to go hard on interest rate increases until we see the gap close.

Will be interesting to see how the CBI performs in such uncharted bottoming conditions for BTC.
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