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Trump’s euphoria is gone, harsh everyday life has come
After today’s data on retail sales, which were higher than expected, the Fed has one more reason and not to lower rates at all in December.
Against this background, only unwavering faith in 👑 bitcoin keeps prices from a steep peak. As we wrote in this material, one of the main risks for all markets remains high inflation. It cannot be overcome with simple promises, so as soon as everyone took off their rose-colored glasses after Trump’s victory, it turned out that the objective macro data did not look so great.
If you look at S&P 500 only on TA, the correction is still quite healthy. Moreover, there is still a good margin for a fall to even stay within the upward trend. So, it doesn’t smell like an apocalypse here, but the trip to the next ATH is now dragging on. The same is true for Russell 2000 (and therefore for altcoins). 2 replies
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