@defilaunch
I haven't written many market updates recently, mainly because the market has been volatile and trading has been difficult.
However, I would like to share some of my short-term thoughts with you:
1. The market is currently correcting, which could be partly due to the PCE numbers that we expect in around 3.5 hours.
The market tends to de-risk before any macroeconomic data is released, but more often than not, the figures are in line with expectations, and the market continues on its previous trajectory.
2. ETH looks a bit shaky, with BMNR trading very low compared to MNAV. Personally, I wouldn't want to go long here, but I should mention that I think Tom Lee has
He hasn't issued any convertibles or interest-yielding preferred stocks yet. Personally, I don't want to be short or long Ethereum here.
3. Bitcoin also looks poor, but there is a decent chance of a BTC.D increase if the market stays bearish.
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