5min chapter

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Live Reaction to JPow Fed Pause, Mixed Messages + Bitcoin | E352

Bitcoin & Markets

CHAPTER

Bitcoin Price Continues to Sell Off

The Bitcoin price continues to sell off. The initial reaction tends to be the opposite of how it eventually ends up for the day. If we see this big sell off happening right now, it will probably reverse. It's very hard to trade these periods. I don't recommend trading on leverage. This pause is not a surprise. After yesterday's CPI that I also live streamed, I was convinced almost immediately that this was going to lead to a pause. And if you go back and listen to that, my second sentence after I saw that the CME came in under forecast, I said, oh, they're going to pause. This wasn't inflation. This whole period was mainly a supply

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