We Might Have Some Volatility in the Markets Today
Right now, the markets seem calm, in a rather neutral position. Crypto at least, I haven't checked anything else, but they are interconnected.
Bitcoin has had a nice recovery since its dip to 100k, and with it, some alts have enjoyed some gains as well.
Yesterday was a volatile day in crypto, with BTC going down in the first part of the day, and back up to practically the same level in the second part when US investors are usually more active. Since I kept busy, I didn't really see what the market was doing during the day, but have seen it in the evening.
It's interesting that today we started on the same scenario, going down in the first half of the day. Asian (maybe even European) markets are taking profits, while the American ones are accumulating?
Either way, it's hard to say how the second part of the day will look like, and I won't attempt it either.
Compared to yesterday, there is another factor to consider, which will likely produce volatility, one way or another. The recovery of BTC from 100k kind of coincided with a higher than expected increase on the jobs report for May in the US. Maybe that contributed, maybe not. Today is the day when the CPI rate is disclosed, with an expected higher number in May (2.5% compared to 2.3% in April). Any surprises, both positive and negative, will have an influence in the daily price fluctuation.
I still expect the uptrend to continue, even if maybe this week could be agitated, I don't know.
I don't plan to trade in any way, just hold mostly. And maybe buy a little more if the volatility produces a higher than expected dip and I'm there to catch it.
Of course, there are so many moving pieces. The war propaganda in Europe/NATO probably rivals the one from Russia/Ukraine now. And yet, the louder the propaganda is, the more convinced I am of my instinct which says that neither side wants to annihilate the other (which is where this would lead to), only to take our money for their weapons (or anything else they can shove into contracts with undisclosed clauses). As for Russia, they want to remain a power to be taken seriously, since economically they aren't as much.
But the problem is the more weapons are built (and they are), the likelier it is they will be used somehow and also the risk to be used disproportionately grows. So yeah... fun times...
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It's still hard for me to discern how summer will turn out in terms of market movement, up or down or sideways? I think there are conflicting signals between macro and micro lens, long term versus medium term.
Yes, summers are usually like this. Hard to read. Maybe those who stay out of market over summer have the most to gain, even if they might lose on some gains. But they avoid the uncertainty.
Interesting insights! Market volatility always keeps things exciting — let’s see how it plays out today📊📉
Volatile markets can be scary to some. But that's when most things happen in the markets, including huge gains (but also losses).
True that🚀 Volatility is where the magic (and the risks) happen. Hoping for more gains today 🤞
There are just so many things going on, and I think its fine if the markets are in a range. Just enjoy the lull because when it starts moving, you won't be able to relax much.
Good point! We should relax while we can... Time will come when market movements will force us to pay attention, and maybe be quite overwhelmed by emotions, if there is any kind of hype this time around.
The volatility in the market today makes me nervous about trading
Volatility is good for trading, but not many prefer it. If it gets stressful, it's better to stay on the sidelines, and not trade.
I thought yesterday was going to be a huge "dip day", so I made some decisions and boom! The market started pumping again later in the day, and when I mean pumping, I meant BTC, but it's great to see Eth cross 2.8k.
Great timing catching that dip yesterday! And would be even better if the uptrend continues past the BTC ATH.
ETH is doing pretty well in recent days too.
Considering that ETH is the precursor or a sort of trailblazer for alts, I think I'm happy with what's happening. Feels like we might be ending Q2 with a bang
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Yea i second that, the whole weapons story is just to take money and make rich the usual people... Do you think LA events spreading to other cities will hurt btc?
Hard to say. Most stocks usually go down when there is social unrest. If the correlation between stocks and BTC remains, so will crypto at some point. But maybe they won't be as correlated, at least for a while. We need a proper end of the bull market...
On the other side, gold goes up when things don't look well. Fiat of the country usually doesn't feel very well in these circumstances either, so people will look for alternatives to place their investments. So, if bitcoin's price correlates more with gold than with tech stocks in these circumstances, it will go up.
Rumors about big protests for the 14th against the military parade... Interesting days ahead
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Markets are in a neutral phase, with BTC recovering from its dip to $100K and alts following, Volatility spiked yesterday (Asian/European profit-taking vs. US accumulation), and today’s CPI data could fuel more swings, Stay cautious but optimistic.