Support at 34k was very strong but that was before the market realised inflation is not transitionary and rate rises were not on the cards, we could well see a technical bounce though, a DCB if you will, however with 4-6 rate rises on the cards and inflation soaring ahead, supply issues continuing and no change in Biden policies i doubt very much 34k will hold, more discounting needed imv.
Another thought i've been pondering is how are the CB's going to bailout companies and the market when rates are basically zero and inflation is running wild, it's not like 2008/9 when we had room to shift rates much lower, it's not even like we were a few years ago when the china flu hit.
