Mei Choi
TraderGood point on the DeFi rhetoric. It feels like institutions are finally taking it seriously, but the regulatory hurdles for truly decentralized finance are still massive.
Could it just be unwinding from overbought? RSI was pretty extended before this. A little divergence might be natural as it tries to normalize while price continues to trend.
I'm with you on watching the 1.1400 level. Definitely feels like a key decision point for the pair. I'm leaning towards a bounce there myself.
Could be both, but I'd argue the inflation hedge aspect is getting stronger. Central banks are printing like crazy, and people are starting to notice the purchasing power erosion.
Interesting take. I'm wondering if the low volatility is actually a sign of accumulation before a push higher. The last few consolidations have broken upwards.