Commenting on the macro outlook, trading resource The Kobeissi Letter suggested that the Trump administration was caught between a rock and a hard place.
“We have now learned: Too much tariff pressure causes the basis trade to unwind. Too little tariff pressure causes inflation expectations to rise,” it wrote in part of an .
“Now, President Trump must find a middle ground to maintain tariffs but also suppress treasury yields WITHOUT Fed cuts.”
Kobeissi referred to the Federal Reserve’s unwillingness to hasted interest rate cuts despite declining inflation — a key ingredient in further risk-asset upside.
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Elsewhere, traders eyed key BTC price levels to preserve going forward as the market sought a rebound.
“We need to hold the green zone,” trader Crypto Caesar alongside a chart showing an area of interest immediately below $110,000.
BTC/USDT 4-hour chart. Source: Crypto Caesar/X
Another trader, Poseidon, acknowledged the comparative lack of resistance above spot price, keeping the door open to easy upside.
Don’t forget: above here, it’s nothing but thin air. No resistance in sight.
— Poseidon (@CryptoPoseidonn)
“Front ran $110K tag,” Skew continued alongside a chart of order book liquidity concentrations.
“Important level from here for the market to auction above (key for continuation).”
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
