Is anyone else seeing a lot of generative AI slop on the new @base.base.eth app?
- 0 replies
- 0 recasts
- 0 reactions
Potentially good buying zone if $BTC falls from the bear flag that's forming. This zone starts from the 2021 highs and has a lot of price action in 2024 (not visible here). Why i believe we would revisit this region: 1. Japan raising interest rates on 18th-19th Dec 2025 = end/reduction of Japan carry trade = could cause a sell off in risk assets. 2. AI bubble narrative is still strong. Good earnings from Nvidia, Broadcom, etc. couldn't lift the markets. 3. Falling US dollar index $DXY in the last 1 month couldn't lift the markets (stocks or crypto). 4. The buying area coincides with the last cycle's top. 5. Some metals rallying due to industrial shortage - a lot of capital flowing into those. Risk assets seem to be at risk. And don't even get me started on altcoins. Should probably short hyped altcoins against bitcoin. Even $HYPE has reached $24! Santa doesn't seem to favour a rally this year 🎅
- 0 replies
- 0 recasts
- 0 reactions