Fear is still rearing its ugly head in markets, and this may not subside until the US tariffs situation is at least partly resolved, and the geopolitical environment improves. However, Bitcoin reached an oversold condition, and could now be heading back to the highs.

Market fear remains strong

The market is still not convinced. Fear remains strong in traditional as well as crypto markets. The tariff situation, especially in the case of China, appears to be going nowhere. Two intransigent presidents are waiting for the other one to back down. This could take a long time.

10-year yield has to come down

At the same time, the Trump administration has to roll over around $7 trillion in debt that matures this year. In order for this to be done so that future interest payments can be …