Is a "Trump Rebound" the missing piece for Crypto? đ
Bank of Americaâs Michael Hartnett just dropped a bombshell in his latest "Flow Show" report. He argues that Wall Street pressure won't let up until we see a rebound in President Trumpâs approval ratings.
Why does this matter for us?
The "Pain Trade": Hartnett notes a "painful price collapse" in crowded trades like the Mag 7 and Crypto.
Key Levels to Watch: He expects Bitcoin to hold the$BTC $58,000 level despite the current "overdue unwind."
The Shift: BofA is currently "Long Main St, Short Wall St," favoring small caps and energy over "bro billionaire" stocks ($TSLA Tesla, NVDA, etc.).We are currently seeing "peak positioning" and "peak politics." Until the policy pivot addresses affordability and boosts approval, volatility might be our closest neighbor.
Are you holding the line at $58k, or waiting for a deeper dip? đ