Bitcoin is experiencing its first July-to-September winning streak since 2012, with gains of 4.8%, 25.2%, and 10.9% respectively. The 2012 streak was followed by a 9.7% October decline and a subsequent 2,000%+ rally, though analysts note today's institutional-dominated market structure makes such magnitude gains unlikely to repeat.
Bitcoin traders on X discuss a significant price rally, with DonAlt maintaining his bullish stance despite resistance levels, while Peter Schiff was absent due to observing Yom Kippur. Several analysts highlight technical breakouts and sustained momentum, predicting further gains toward $90K.
The S&P 500 recovered from sharp losses driven by AI warnings and Fed rate hikes, closing near flat and showing technical strength at key support levels. A break above 7710 resistance could confirm a new uptrend targeting 7816 and possibly 8010. The rally resembles previous strong rallies and could develop into a melt-up despite headwinds from Fed hawkishness and macro conditions.
Rally English is a humorous term for English spoken by non-native speakers, particularly Finns, characterized by heavy accent and Finnish pronunciation patterns. Named after Finnish rally drivers from the 1970s-1990s, it reflects phonological differences between languages and stems from textbook-based language teaching that emphasizes written skills over pronunciation.
Semiconductor earnings revisions are declining following a significant rally in the sector, according to market analysis shared on social media.