NY Open: All Eyes on Powell Testimony

Hawks on – Risk-Off or Hawks off — Risk On?

Trading cocktail:

• Hawks on – Risk-Off | BTC/USD  drop   10% – 15%
• Hawks off – Risk On | BTC/USD   rise    10% – 15%
• Hawks on – Risk-Off | NASDAQ   drop   1% – 2%
• Hawks off – Risk On | NASDAQ    rise    2% – 4%

Later on in the future, if there any softer reading on inflation, we will see the doves comes out.

Check also our previous contrarian analysis on this: https://www.tradingcocktail.com/powell-to-testify-on-next-us-market-hour/