Business profitability is likely to decline due to the unprecedented tightening of monetary policy by the Federal Reserve and macroeconomic concerns. Companies have been forced to reduce hiring and adopt cost-cutting strategies due to ongoing inflation.
Despite this, the US economy is showing resilience, as evidenced by a 0.3% increase in retail sales in May from a year earlier, when economists had previously expected a decline. The retail results suggest that lower oil prices may be causing consumers to spend more money on other goods.
This situation explains why professional traders have been using a bullish 'iron condor' strategy to maximise returns with limited risk when Bitcoin trades above $31,550 in July.
Buying bitcoin futures during a bull market will pay off, but the problem is how to handle liquidation when the price of bitcoin falls. This is why professional traders use options strategies to maximise gains and limit losses.
Despite this, the US economy is showing resilience, as evidenced by a 0.3% increase in retail sales in May from a year earlier, when economists had previously expected a decline. The retail results suggest that lower oil prices may be causing consumers to spend more money on other goods.
This situation explains why professional traders have been using a bullish 'iron condor' strategy to maximise returns with limited risk when Bitcoin trades above $31,550 in July.
Buying bitcoin futures during a bull market will pay off, but the problem is how to handle liquidation when the price of bitcoin falls. This is why professional traders use options strategies to maximise gains and limit losses.