21.07.21 Bond ETF

As I have heard several times, at this time it is necessary to closely monitor the bond market, the dollar index and gold. We know that risk-off sentiment markets currently dominates but it is not a static matter. It has a dynamic development that can be observed in these markets.

The bond ETF spilled decently yesterday, by about 2%. This is a rather strong decline in this market, which was immediately reflected, for example, in the stock market, which has a nice reflection. But the overall momentum is obvious in this market – we are going up. And the higher the price, the greater the pressure on the stock markets and BTC will bring it.

Personally, I am very curious how long the stock market will be able to leave this fact unanswered. I would venture to say that without the one supplied liquidity form quantitative release by the Federal Reserve, we would have gone down hard. The same, of course, applies to BTC, respectively our canary is too sensitive and even QE has not helped since April.

Otherwise, in terms of bond ETF market technology, the exchange rate is well above the S / R level of $ 148.38. According to the Volume Profile, the first major resistance area is around USD 158, where the profile is becoming more pointed. But the journey here should be smooth.

ATTENTION: No data in the article is an investment board. Before you invest, do your own research and analysis, you always trade only at your own risk. Cryptheory team strongly recommends individual risk considerations!