BTC - Dominance Rise puts ALT Season on Ice
The 
BTC.D index has developed an Inverse Head & Shoulder pattern on the 2H timeframe, which points to further trouble ahead until we get some certainty and clarity with how the new administration decides to move.
The recent shakedown on ALTs has been driven by higher than expected inflation and repricing of FED reserve rate cut expectations, with no rate cut expected in the next FOMC. Wednesday is a key macro day as the CPI, a key gauge of inflation is due to be released. This data ultimately shapes policy and a hot print could spell more trouble for risk assets.
Having said that, we're only a week a way from the most crypto friendly White House administration taking office.
Will the crypto friendly policies turn the page to enable Risk Assets to surge higher despite inflation woes?
BTC.D index has developed an Inverse Head & Shoulder pattern on the 2H timeframe, which points to further trouble ahead until we get some certainty and clarity with how the new administration decides to move. The recent shakedown on ALTs has been driven by higher than expected inflation and repricing of FED reserve rate cut expectations, with no rate cut expected in the next FOMC. Wednesday is a key macro day as the CPI, a key gauge of inflation is due to be released. This data ultimately shapes policy and a hot print could spell more trouble for risk assets.
Having said that, we're only a week a way from the most crypto friendly White House administration taking office.
Will the crypto friendly policies turn the page to enable Risk Assets to surge higher despite inflation woes?
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