Is the sell wall finally crumbling down?

In this market with no real direction it feels like every news aspect could change the markets. Especially when talking about inflation, the fed and everything that currently is boggling this macro economic perspective. With the inflation CPI print below the expected 8.7% this was seen as good news and the market is responding positively to this. Hooray for crypto again.

But this is always the weird thing with expected numbers as when looking at quarterly numbers. There is a certain expectation of growth or whatever, and because the number seems adapted to that, that is how the response is. Not on the initial number. Which always feels kind of weird, say also with this inflation number. Sure it is better than expected, but still 8% after already having multiple months with crazy numbers, I don’t know…It doesn’t feel like something we all should be that happy about.

 [Coinmarketcap](https://coinmarketcap.com/currencies/bitcoin/)

As said luckily the market is responding quite nicely even though ETH has been doing a lot better over the last couple of weeks compared to BTC which ofcourse all my alts are really fond of. BTC is quietly eating away the sellwall which is based around 24-24.5 as it has been there already multiple times over the last couple of weeks but got rejected every time before as you can see in the image. I am curious if it will burst through creating some more euphoria, which is always good for the moral, but maybe also a bit of mindfuck as we are still in a macro weird time now or again fully retrace like at the previous pumps

I just don’t see that being solved in any time soon with the housing market coming to a halt, the endless flow of available jobs will decline a bit, and that is all because inflation is so high, and interest is going down. Or at least …this is the small summary from my head, do with it what you want, it is no financial advice for sure, just the way I am thinkging about the current market.

As for our friend Hive really I can not complain about the status of the token and the price that is connected with it. It feels fair being at $0.62 today and it also feels like there is a lot of room open for movement to all kinds of directions. And what is even more important, the vibe is good, not too much of bickering, it is the feeling of moving forward with each other. And that is eventually how an ecosystem will thrive and get further. You need community behind it and the community feels good at the moment.

Macro Hive feels better than general macro at the moment