Long your fckin longs this is a massive bear trap

Markets are dumping hard on the speech powell is about to give on friday at Jackson Hole
Since last week massive amounts of shorts have been piling up on SPX,NASDAQ and for BTC,ETH which will be used for fuel to shoot us higher after friday speech and here is why
>PCE inflation
Its the metric powell himself admitted fed uses to determine the next moves.So basically this metric is more important that cpi and its expected to have topped and it will show on the reading this friday.Fed didnt have the balls to hike 100bps on july when everything was skyrocketing,with everything now going down(short term) there is a high chance markets start pricing in 25 or 50bps instead of 75 for september
>Powell speech
Midterm elections are literally 3months away,there is actually 0% chance powell admits recession or acts hawkish before such a huge event for the goverment.Powell starting this friday will be a dovish bitch claiming inflation is coming down and data look good and we are avoiding recession just for sake of democrats winning the elections
>BTC
Btc closed friday at 21100 and despite todays meltdown on equities its still at the same number.Pretty clear sign its not breaking 20k anytime soon since there is no luna/3ac type of leverage in the market
>what to long?
ETH at 1580 is a gift.As soon as skies are clear and with the amount of shorts on ETH we will be at 2k way before the merge,pretty easy 25%move from here
NEAR has also a devcon coming on 11th september and coins tend to pump into these kinds of events(sol,avax,ftm had same reaction)
Near was 6$ just a week ago before we dumped hard,can easily bounce back there(50%from here) towards september
GL making money,bears will get fucked

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priced in

I have a feeling youre right. This dump doesnt quite feel right.

that's a pretty elaborate shill for a shitcoin like NEAR

Good writeup OP
I have the same observations.
We still have 4 days until the Powell speech so it will be a choppy week imo.

But then again it's a clown world and anything could happen.

like your 100$ pajeet dollars can move a top 20coin LMAO

Remember to take 10-20% of what you've got earmarked for ETH and plunk it into LDO instead. It's basically going to act as a triple leveraged eth ETF into the merge and well past it.

truflation is showing continuing downward pressure on headline cpi as well. I do think inflation is going to be much sticker than people expect but it will stick at 4-6% and it'll take a long time for people to realize that. In the near term soft landing narrative is going to hold up to scrutiny until at least late fall and equities/risk-on will keep rallying. Yes all the way through september, fuck your shemitah meme.

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What's your point? The Fed has stated several times that we should see end of year FFR ~3-3.5%. So the bond market moved there immediately and is waiting for the fed to catch up. Your chart tells you what yo expect after that....