Stormrake - Insights #Film TariffStormrake - Insights #Film Tariffhttps://www.stormrake.com/blogs/tag/film-tariffSat, 09 May 2026 21:35:19 +1000http://zoho.com/sites/<![CDATA[Bitcoin Leaves Altcoins in the Dust]]>https://www.stormrake.com/blogs/post/Bitcoin-Leaves-Altcoins-in-the-DustBitcoin dominance surges while altcoins struggle.]]>
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In a sea of red across the crypto market, one asset continues to shine: Bitcoin. As we edge closer to Jerome Powell’s press conference and the upcoming interest rate decision, the broader market shows signs of apprehension. Bitcoin has been resilient, climbing higher while most altcoins continue to decline. Over in traditional markets, the Nasdaq slipped 0.77%, while Gold surged another 2.91%, marking two consecutive sessions of nearly 3% moves.

The price action paints a clear picture: investors are risk-off ahead of what’s expected to be a volatile FOMC announcement. Despite near-unanimous expectations that there will be no interest rate change, nerves remain high. For those tracking it closely, the interest rate decision is set for 4am AEST, with Powell’s press conference following at 4:30am. My advice? Get your rest. Don’t lose sleep over what Powell might say—tomorrow’s Morning Note will cover everything you need to know, including Bitcoin’s reaction.

BREAKING: Bitcoin Surges on US-China Trade Headlines

In a dramatic twist, news just in confirms that US Treasury Secretary Bessent will meet with China’s top economic official this week. The market's reaction was immediate: Bitcoin broke out, rallying over 2% within an hour, reigniting the road to $100k. S&P 500 futures jumped nearly 1%, while gold plunged 1.5%, completely reversing the cautious overnight price action.

This kind of volatility just before the FOMC is a recipe for chaos. While the surge in risk assets is encouraging, it's important to remain cautious. The rally is still fundamentally tariff-driven, and if the Bessent-China meeting yields no progress, the market could easily reverse. Until then, it's all speculation—stick to the facts when making decisions.

Bitcoin Dominance: Silent Strength, Loud Signal

While some may think Bitcoin has merely been consolidating or correcting, the dominance chart tells a different story. Bitcoin has quietly notched nine straight weeks of dominance growth, now sitting above 65%—a level not seen since January 2021. That period, of course, preceded one of the most explosive altseasons we’ve seen.

But let's not get ahead of ourselves. With dominance this high, investors clearly aren't positioning for altseason yet. Macro uncertainty has them rotating into Bitcoin for safety, and there’s little sign of that trend reversing in the near term.

Stormrake Spotlight: Bittensor (TAO) ($374)

TAO showed impressive resilience over the past 24 hours. After falling over 6% intraday, it rebounded following the US-China news, reclaiming the 200 EMA and testing the key resistance at $380, which we’ve flagged repeatedly in recent notes. This level continues to be a hurdle, but today’s rebound is a strong signal.

BTC/USD Key Levels and Price Action:

Bitcoin is in breakout mode. Boosted by the trade meeting news, BTC surged past all major moving averages, breaching $95.7k resistance with conviction. This followed a textbook bounce off $93.5k support, marking the third such rebound in four days.

Momentum and structure are now firmly back in the bulls' control, with eyes firmly on $100k. However, keep an eye on the $98k–$99k resistance zone, where sellers are likely to mount a defense.

BTC Total ETF Flows for 6 May: $ - 122.4 million

(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
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*All prices are denominated in USD unless stated otherwise*

Written by Alexandar Artis

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No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Wed, 07 May 2025 10:58:18 +1000<![CDATA[Make Hollywood Great Again? Tariff Drama Adds to Market Tension]]>https://www.stormrake.com/blogs/post/Make-Hollywood-Great-Again-Tariff-Drama-Adds-to-Market-TensionHollywood headlines steal the show as tariff drama and Powell anticipation leave markets in suspense]]>
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Bitcoin and the S&P 500 remain relatively flat, each moving less than 1% from the open—Bitcoin edging slightly higher, while the S&P 500 trades marginally lower. Meanwhile, gold has snapped a two-week downtrend, rallying strongly and setting its sights once again on all-time highs.

Despite the muted movement in risk assets, markets remain gripped by uncertainty as we count down to Powell’s upcoming presser. The volatility index (VIX) has returned to its prior consolidation range—calm on the surface, but clearly in wait mode. The flow of capital paints a clear picture: risk-off assets are seeing renewed interest. Gold surges, Bitcoin ticks up, and traditional equities lag—markets are preparing for potential fireworks.

Tariff Turmoil: Mixed Signals from Washington

Tariff developments continue to generate confusion and fear. Following yesterday’s announcement that Trump intends to impose 100% tariffs on non-U.S. film imports—part of his effort to “Make Hollywood Great Again”—the White House today walked back the certainty of those measures, stating they are not yet confirmed. This mixed messaging only fuels further market hesitation.

Adding to the friction, the U.S. has rejected Japan’s request for a full exemption from its new “reciprocal” tariff regime, reinforcing a protectionist tone that’s clearly unsettling global investors.

What’s Next: Calm Before the Storm?

We can likely expect continued slow price action and consolidation in the lead-up to Powell’s press conference. But make no mistake—volatility is coming. The presser could very well dictate the next directional move across asset classes.

Stormrake Spotlight: Bittensor (TAO) ($374)

While the broader crypto market drifts, TAO stood out, rallying 9% on the day and returning to a confluence of previous highs around $380. This level has now rejected price action three times in the past 10 days. Expect continued resistance here, but a break above could open the door toward $440—the next CPR target.

Should TAO fail to break through, a pullback to one of the identified support levels on the chart is likely.

BTC/USD Key Levels and Price Action:

Bitcoin has reentered its consolidation range after last week’s failed breakout. Now wedged between key moving averages, BTC leans bearish, with the 55EMA still above the 21EMA.

A key level to watch is the $93.5K support—the closing price from 2024—which has held firm, producing two intraday bounces over the past 48 hours.

BTC Total ETF Flows for 5 May: $ - 105.7 million

(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
To receive the Morning Note in your inbox, subscribe here: https://stormrake.substack.com/

*All prices are denominated in USD unless stated otherwise*

Written by Alexandar Artis

Create a brokerage account today

Get Started

No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
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