Gm bulls,
A lot of you have been asking why $BTC and $ETH have still been moving higher while the Fed and BOJ are raising rates, oil prices remain high, and inflation is still elevated.
But one thing many people are missing is that the Fed is also buying bonds.
Basically:
Fed buys bonds → reserves flow into the financial system → liquidity increases → yields usually face downward pressure → financial conditions become easier.
I see this as a form of liquidity injection into the broader market.
That is one of the reasons financial markets can still keep moving higher.
On top of that, the US midterm elections are coming in November, and we also have a wave of major IPOs ahead.
So imo, the market may still have room to run for a while.
If you are already holding, I would simply keep holding.
And if you are already sitting on decent profits, I would consider gradually taking some profit between now and November.
Ofc, this is just my personal view, nfa.