$ProShares Strategy(BITI)$ $MicroStrategy(MSTR)$ $ProShares Bitcoin Strategy ETF(BITO)$ $SPDR S&P 500 ETF Trust(SPY)$
The recent market has hit ATH as trader are convince rate cut will occur in June. Recent data shows high PCE and strong labour force. Oil has increase due to recent conflict which suggest higher inflation is notgoing away anytime soon. Rate cut are delayed later of this year and suggest would be 3 rate cut instead of 4. Market has priced in 4 rate cut this year and rebalancing on price action will occur. Bitcoin has reached ATH last month and monthly chart shows divergent in RSI. I expect Bitcoin to retract to 51k in a few month before consolidation. Bitcoin trades with risk-on environment due to speculation and retraction.
Modified in.04-03
š° Stocks to watch today?(26 Nov)
1. What news/movements are worth noting in the market today? Any stocks to watch?
2. What trading opportunities are there? Do you have any plans?
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