Market Sentiment Shift: BTC Below 100k Impact (E64)

Spy headed towards 607 where there is plenty of resistance, and with BTC trading below 100k, I think the run might have come to an end, signalling a potential shift in market sentiment. The US 10-year treasury yield may offer some insight as to where the interest rates are headed, suggesting a cautious outlook for investors and borrowers alike. Homes are staying on the market longer than expected, indicating a cooling in the housing market, which could be a great opportunity for buyers to negotiate better terms, including closing costs or price reductions. This week we have Powell testifying, which could impact the markets significantly, along with important data to keep an eye on, such as the release of the CPI, PPI, initial jobless claims, and retail sales. Each of these reports will provide crucial insights into the economic landscape and consumer behavior. Where do you think we are headed? Will we see rates stay the same, or will we finally see some relief that could encourage spending and investment? The upcoming data could be pivotal in shaping our understanding of the current economic conditions.