Update; a bunch of big macro movers happening live:
+additional FED interest rate hikes and further hikes planned,
+ECB interest rate hike,
both driving investment sentiment towards deleveraging.
+the latest "inflation reduction act" that will probably increase inflation and
+the latest student debt cancellation are all a form of a stimulus being airdropped into peoples laps. The bubble gets bigger, the impending blow-up more fierce.
And the biggest macro mover of all: the ongoing war of attrition in Ukraine. As the war progresses, EU and NATO look to be more and more squeezed into a corner as all the economic countermeasures backfire and the energy prices skyrocket, like Dogecoin after Musk endorsed it.
Prediction stays the same. Approaching the double trendline support, looking to break it.