Tom Lee, research manager at Fuststrat, recently spoke with CNBC, suggesting that the wider market could approach a substance, potentially this week.
Lee’s prospects are involved in the middle of economic uncertainty while President Trump sails in his first 100 days in power. Several factors contribute to market volatility, including the Ministry of Government Expenditure Program (DOGE), which requires austerity measures that reduce public spending, and tariff policies creating additional uncertainty for businesses and investors.
Bitcoin (BTC) experienced another price reversal, to fill the CME GAP on Friday and are currently located at $ 83,000 – more than 10% this year. Meanwhile, the Nasdaq 100 also dropped by almost 10%, another similar drop would trigger a lower market.
Lee stresses that the future data to come on Friday as a key event that could dictate the management of the short -term market. If the data is worse than expected, it anticipates an initial panic wave, but Lee thinks that this could also encourage the federal reserve to accelerate interest rate reductions.
Currently, the long -term market is pricing in 75 basic reduction points for this year, which would bring the rate of federal reference funds to a range of 3.50% to 3.75% by the end of the year. Until now, the Fed has already implemented 100 basic reductions in this cycle.
Lee also discussed Bitcoin’s difficulties, noting that his recent slowdown is not motivated by negative news but rather by cyclical market forces. He sees a potential short -term price goal of $ 62,000, but Bitcoin to see ever more than $ 150,000 by the end of the year.
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