This is probably not the kind of title post you expected, but my point is a simple one: assets are all joined at the hip. It isn’t natural, it isn’t healthy, but it’s definitely real. The explosive surge you saw today on Bitcoin went hand-in-hand with the roaring markets in bonds, equities, and kitty litter. Take special note how close today’s high came to a perfect tag of the major Fibonacci resistance level. Wow!
The minute bar chart tells the same story, but with a finer granularity:
My point being: I think today was a one-hit wonder.
