PhDs and “heads of research” dropping analysis based on single-digit sample sizes is diabolical.
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Is crypto dead? Two shocks hit $BTC: 1. Oracle’s ($ORCL) Dec 10 earnings reignited the “AI bubble” narrative after it reported capex up ~$8.25B to ~$12B. Markets punished Oracle and risk assets in its orbit, including crypto. 2. FOMC hawkish commentary. 👇
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Tactical DCA of bitcoin continues to be the play. US PPI landed roughly in line with expectations, and markets still lean toward a December rate cut. Even so, the R:R favors trading the breakout instead of shoveling cash into a downtrend. 👇
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