Hawkish FED combo + PCE higher than market forecast + The market is a bit too cheerful

The FED remains too hawkish in the face of Trump's pressure, especially after the unexpected rise in PCE data supporting a tough stance: "Inflation comes from tariffs"

In the short term, we are likely to see a sideways movement followed by a correction in the market, before entering a larger bullish wave at the end of the year when the interest rate cut story returns!

With $ETH, there is still a little room for growth + investors have been heavily shorting in recent days ----> Still hoping for a rise to take out the short liquidity before entering a correction