Many people believe that BTC is running "too hot," and we're seeing what appears to be a short squeeze. We all know what's next. No one in their right mind will buy at the top, esp. given it's volatility. Some economic events are right around the corner over the next 1-2 weeks which could impact BTC and S&P. Typically, market rallies are short lived, esp. when the fundamentals are out of whack. Unemployment is cooling (remember is a lagging indicator), high # of bankruptcies, housing unaffordability highest in decades, high interest rates, student loans will start making a dent soon...the list goes on. Don't let the Champagne effect fool you! Berkshire stocking up on cash for a reason.
Best of luck and always do your own DD! Staying positive, with a healthy dose of keeping things real.
Best of luck and always do your own DD! Staying positive, with a healthy dose of keeping things real.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.