đ More and more often we will see unexpected falls without obvious reasons! Will the bull run $BTC end because of the recession?
Most of the indicators already point to a recession in the US since May. But the Dollar weakens for the first six months, inflating the market.
There are 2 possible scenarios: a soft landing and a hard one. What will happen to the crypto in each case?
â I will describe in the following posts đ« Part 1.
Recession is a decline in economic activity. Indicators:
1. GDP decline for 2 or more quarters in a row, there was a decline in April. New data - 08/29.
2. Inversion of the yield curve of long- and short-term Treasury bonds. More often they look at the chart between 10-year and 3-month ones.
3. Unemployment rises before a recession due to a reduction in production volumes and jobs. Above 5% â a clear crisis (late indicator).
4. Decline in oil/gas production due to lower production. Now the oil price is supported by the crisis in Libya and active purchases by the US. This is a leading indicator.
5. Income and credit status of the population.
6. Slowdown in sales of housing, cars.
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