May 7 Crypto Market


🔹Strategy: Short the rebound. U.S. stocks surged, crude oil fell, but crypto didn’t follow major financial assets— the bulls are soft and lack strength.
🔹News: Trump keeps talking big: Iran gives up nuclear weapons, a peace agreement will be reached within a week, and Iran will soon be proven wrong (Trump is making a wish). With neither country achieving its objectives, directly signing a peace agreement doesn’t seem very realistic— it’s likely to keep dragging on.
🔹Macro: U.S. stocks keep rising, the Russell 2000 is also catching up, and the AI wind continues to blow. The 2-year U.S. Treasury yield has pulled back from its high; rate-hike expectations have cooled, but it’s still elevated.
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