🧐 Tarrif Uncertainty Is Back, But BTC Looks... Good?

GM GM, the uncertainty is creeping back.

The Orange Man is back, shouting about tariffs in front of cameras and on socials.

Naturally, the markets don’t enjoy this and we’re already seeing the expected dip happening on Bitcoin. More importantly, caution is advised as long as indexes stay below the 200-day moving average.

To better understand the current situation, just know that foreign investors withdrew ~$6 billion from US equity funds last week, levels not seen since March 2020. Worry not; this, too, shall pass.

With the Hash Ribbon buy indicator printed and news such as GameStop announcing it will raise $1.3 billion to purchase Bitcoin, there are definitely better times on the horizon.

Moreover, there’s a brewing drama around the risk of the US Treasury defaulting as soon as August. Will this lead to some kind of “QE not QE” situation? Remains to be seen.

All in all, I wouldn’t get overly bearish here, even with the possibility of upcoming short-term dips. Longer term, everything seems fine.

Stay safe and survive, as always.

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I’m not qualified, nor do I have the space here to explain how Nirvana Finance works. As always, there’s a Blocmates.com article for that. I do know a good chart when I see one, though.

After several weeks of consolidation at the lows, we’ve had a strong impulse move to send the price above the yearly VWAP, a sharp retest of the lows yesterday, and straight back above the VWAP again. This kind of invalidated breakdown almost always leads to continuation higher. If you want to be cautious, wait for the daily close to confirm, but it looks extremely bullish.

Come by the Lucky Luke Discord channel for comments, to roast my picks or to pump your own bags. All banter is welcome any time!

It seems like Ghibli on Solana is getting sold by smart money today, along with some profit-taking on Fartcoin.

Ethereum’s smart-money movements show that our good old ETH still can’t get enough volume rolling around. Perhaps it’s still better to wait a bit until betting on the OG names here.

Stablecoin narrative grows stronger by the day.

To save you doom scrolling.

If you missed out on yesterday’s Hyperliquid drama, here’s a perfect short explanation:

These next few weeks are likely going to be tricky. The proof is today’s NYC open pudding: while everyone panics about tariffs, markets quickly dump, just to bounce up even faster.

These choppy fakeouts will continue, and overtrading in these conditions is very dangerous. Keep the higher timeframe plan in mind and stay safe.

stay safe homies,

Hix0n 🫡