GM –
Here is the first iteration of my shorter markets outlook video series that I plan to post on the Alpha Feed. A list of topics discussed can be found below. Questions/comments are encouraged, enjoy!
Topics Discussed:
- Legacy Markets – S&P500 Index
- Market pricing in another 25bps rate hike at Wednesday’s FOMC meeting (~98% probability) – CME FedWatch Tool
- SPX running up against overhead resistance at current levels ~4550
- Crypto Majors – BTC
- Caution may be warranted in short-term amid buyer exhaustion following strong price rally
- BTC price breaking below month-long range points to path of least resistance potentially lower in short-term, with support around the ~$27-28k level
- Flavor of the Week/New Narratives
- Telegram Bots – very risky but may find PMF as a product that offers better UI/UX for on chain activities/crypto trading (an issue that still plagues most DEXs)
Reports mentioned in this video: