People are wondering right now are we Having signs of the local bottom well Some of the things that I was pointing Out about three weeks ago before we even Have this drop is now flipping back in Support of the bulls and that is the Funding rates for Perpetual contracts Have dropped near zero indicating a Greater balance between buyers and Sellers when everybody's going long on Leverage that's a perfect recipe for Downward price action when things are Overly optimistic that's actually a Bearish signal and then parlaying this Into what you're just talking about in Inflation on Thursday we have a big de Bait that's happening tomorrow and then On Thursday we have the GDP and initial Jobless claims data and then on Friday We have more inflation data I think this Week we may may get a slight pushup may Get a slight drop down I think it's all Noise right now
Are We Seeing Signs Of The Local Bottom??
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