The Trust Layer for Market Analysts

The analysis focuses on Bitcoin and Ethereum exhibiting a bear flag pattern on the daily timeframe, resembling historical market cycles. Bitcoin is currently in a bearish continuation pattern, with a potential relief rally up to the 100,000-102,000 resistance level before a likely breakdown. The invalidation of this bearish thesis is a move above 102,000. An ultimate downside target for Bitcoin is inferred around 70,000 based on the pattern's implied depth and historical consolidation zones. Ethereum is observed to be forming an identical bear flag pattern, expected to follow Bitcoin's price action but with slightly less aggression. Its current price is around 2,999.70, with a predicted target of 2,400 and an invalidation point at 3,400. The analysis also briefly touches upon the Fed's balance sheet, correlating quantitative tightening with past market downturns, and notes recent slight asset purchases by the Fed. Additionally, current Truflation US CPI inflation is at a yearly low of 1.21%, which is deemed significant for future inflation prints.