Since the start of February, we have had this readjusting in regards to implied rate and where markets are now pricing the FED getting to and topping out. There is been a lot of interest in people saying that we are looking at a 6% percent FED funds rate possibility. We we have already seen since the that of February is this 50-basis point narrative really comes to the focus for the next meeting which will be on the 22nd of next month. You have got a while, you will have a lot of inflationary data that is going to come out. Before then, you can also watch the basket of things that make up the CPI for maybe a little bit of insight.
Markets are stalling and for Bitcoin that is not a bad thing, the structure that Bitcoin is forming is healthy providing it doesn't get invalidated.
So you have this adjusting of markets and where they think rates are going and they are adjusting in terms of potentially selling off in the fears that we are going to have tighter for longer. There is a 27% chance of a 50 basis point and there is 73% chance of a 25%. I believe that are going to do 25% and I believe the reason they are going to do 25% is that the FED is between a rock and a hard place right now. They have to deal with inflation that is ultimately very destructive across the board but they also have this colossal debt monster that they need to keep fed.
This is the game of chests or chess that we are now playing is that have we got where we think the market needs to be right to start reinvesting of is there still some adjustments that need to take place? This is a beautiful game of investing and trading, we are trying to guess where we think the markets are going based on the probable outcome. Still proven otherwise, it looks like the market is set for continuation to the upside. That is just my thoughts, I am not saying we are in a bull market or anything of the sort.