Bitcoin again at support. Can it muster a rally to 7000? PLUS, THE FED IS NOW IN SERIOUS TROUBLE!

Good afternoon friends.
It is highly anticipated the Federal Reserve raises interest rates .25 basis points to a funds rate of 1.875%.

The real problem is we have inflation far, far worse than you are being told. It is at least 6 percent and the Fed has no control. How much do trucking costs alone play into inflation? Well, see the alarming chart below. Trucking costs are up 20-40 % year over year!!

Also, the CPI (Consumer Price Index) now indicates 6 percent? So what does the Fed do? Continue to raise rates and choke off an economy that is far from robust. Please forget the lies you are being told, the bogus labor stats.

All this is bullish for commodities, especially gold and silver. They are acting great in the summer doldrums. The move coming in the metals and the mining shares will be breathtaking.

Now to BTC!..see the chart, please.,

At the lower Bollinger Band below 6300 you would expect a bounce. It has attempted such. We are 6350 as I write. I expect little here, not even the "TRADER'S BOUNCE" I called from 7150 -7700 a short while back. We now have resistance at 7000. Here's the fly in the ointment: sentiment has improved but only 20 percent BEARS, 80 percent BULLS.

The is no indication of a bottom here. I am not saying there is lots of downside. I simply stand aside and watch how traders are reacting. Ah market psychology! Alarmingly there is no wall of worry being set up. I'll let you know as soon as it appears and hopefully BEFORE a significant move is underway.

Again, please do your own due diligence, as the opinions are mine.

Thank you again for the visit! UPVOTE and RESTEEM!