GM... Market Briefing! โ๐
๐ Market Outlook (UTC 0)
๐ 00:00 - 03:00 ๐ด Mild red, nothing surprising
๐ 04:00 - 08:00 ๐ข Green โ Why?
BoJ paused, Fed paused, and PBOC Prime Loan Rate stays at 3.10%โthatโs already a form of easing.
Yes, RRP shot up, but the bigger it climbs, the harder it falls.
Powell cut QT from $25B to $5Bโkeeping some liquidity control since inflation isnโt at 2% yet.
If RRP still couldnโt hold Bitcoin down despite a Dovish Fed, imagine when it drops to zero! When? No idea.
PBOC likely injects liquidity again with no withdrawal. ๐ธ
๐ 09:00 - 11:00 ๐ด Red session
๐ 12:00 - 15:00 ๐ข Green โ
Jobless claims up, Existing home sales down
NAHB & Existing home sales data reflect Februaryโbut in March, home sales will rise since housing starts are up. Thatโs why I expect inflation to increase.
๐ 15:00 - 17:00 ๐ด Jane Streetโs usual tricks ๐คน
Sometimes JS delays by an hour, so Iโm giving it a 2-hour red window.
If JS delays, 15:00-16:00 wonโt be redโbut I canโt predict exactly when theyโll make their move.
๐ 17:00 - 23:00 ๐ข China is watching the US closely.
Last night, RRP jumped by $44B, so it should drop now.
๐ Big Picture: This Week is Still Green! โ
โ
BoJ Pause โ No big effect
โ
Fed Pause โ Bitcoin went up, but moderately
๐ค What happens when PBOC holds at 3.10%?
๐ Fed slowing QT by 80% is basically like a 25bps rate cut!
๐คฃ Not stopping completely, but almost!
๐ RSI: 62 โ and yesterday 46, understand? ๐ฅ๐
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source: @hoteliercrypto