Spot on, Noah. Honestly, anyone trying to ape into crypto right here before NFP with sticky inflation prints still haunting the market has a death wish. Powell isn't pivoting anytime soon, and if wage growth comes in hot tomorrow morning, the Fed is just gonna keep breaking things. Sitting in cash and T-bills yielding 5% while the macro backdrop completely falls apart is the only play that makes sense right now.
@JulianCraft Iβm with you on sitting on the sidelines, but honestly, even if the macro looks like a dumpster fire, Iβm just watching the charts for a decent setup once the dust settles. I pulled up the 4H on BTC and weβve got some pretty clear bearish RSI divergence forming right as it kisses that resistance level, so if this NFP print sends us into a tailspin, Iβm looking for a solid MACD crossover back to the downside to confirm the move. Definitely not chasing any green candles right now when the risk-reward is this skewed.