BTC has been fluctuating wildly these past few days, and Japan's interest rate hike has been implemented, resulting in an overall dovish bias, at least for now. Trump's economic policies rely heavily on the stock market. If Japan overreacts and crashes the US stock market, Trump will be unhappy, and the consequences could be severe. A short squeeze on the monthly chart seems to be the main trend going forward. The only uncertainty is whether the major players will make a final sell-off before the short squeeze. I haven't figured it out yet, and I haven't seen it clearly.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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