My thoughts on the market:
In terms of the Federal Reserve's monetary policy, it appears they are still committed to raising interest rates and keeping them at a higher level.
However, it is essential to note that the effects of these rate hikes may take some time to fully impact the economy and financial markets.
Despite this, the economy and jobs market appear to be relatively resilient. In terms of macroeconomic conditions, there is a significant level of uncertainty.
However, in the cryptocurrency market, it seems like the recent storm has passed (at least for the time being). Bitcoin (BTC) has been consistently moving higher, increasing its dominance within the market.
I generally see growing Bitcoin dominance as a positive sign for the market's health.
From a technical perspective, it is essential to note that this current market movement should be considered a bear market rally. It is, therefore, necessary to be cautious and keep an eye on further developments before making any significant investment decisions.
I may sound like a broken record, but I stay in capital preservation mode for now.
That being said, I hope you all had an excellent start to the new year!
As always, these are just my personal thoughts and shouldn't be treated as financial advice.
I didn’t look at your strategy over a longer term - I apologise.
You’re crushing it. keep doing what you’re doing and I’ll put some money your way too.
I was wrong (not easy to say sometimes)