
Rarely do things go exactly as planned but this time it sort of did… Have been waiting for a sweep of 76k into 75k-72k for basically the larger part of 3 weeks now. Clarity - not passing was pretty much my base case so today’s news was no surprise. The surprise would be if it actually passed. FOMC - Tomorrow the market thinks Warsh will hike 25 bps so the surprise would be a hold. We’d probably bounce if we hold. Honestly have reservations about saying this but maybe we even bounce if we hike because things are getting skewed a bit too bearish too suddenly. Could be something I’m not seeing? For $BTC 75k-72k is a long but I’ll be patient going into qtr end. Could be a bit choppy. I could see a bounce tomorrow from FOMC for a few days only to get sold down next week too. Idea is to BTFD. Next week seems better as right now seems a bit premature. gFuego 🕯️
