BTC - 9/24/2024
Historically, unemployment and inflation tend to alternate each other- hence the Philips inversion curve and other trading philosophies.
Inflation is not necessarily under check in my opinion, but retail and establishments are eyeing up entries here as central banks like the ECB, BOJ, and Fed start cutting their interest rates as job numbers have arguably seemed to look good. In any case, I see cash injections in the economy and eased lending leading to some faith for a bullish scenario.
The last time inflation and unemployment alternated severity, it caused a pretty substantial drop in BTC prices before a super-cycle.
I'm bullish on the cycle overall.
Inflation is not necessarily under check in my opinion, but retail and establishments are eyeing up entries here as central banks like the ECB, BOJ, and Fed start cutting their interest rates as job numbers have arguably seemed to look good. In any case, I see cash injections in the economy and eased lending leading to some faith for a bullish scenario.
The last time inflation and unemployment alternated severity, it caused a pretty substantial drop in BTC prices before a super-cycle.
I'm bullish on the cycle overall.
Note
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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.