Following the interest rate meeting, the FED is considering the possibility of cutting interest rates three times in 2024 => depending on economic data, rate cuts could start as early as June or September this year.
=> BTC staged a strong recovery from 61k to 67k due to the positive impact of the news.
Yesterday, President Biden signed a spending package for the Government's budget until October worth 1.2 trillion dollars => the market became positive.
With this positive news:
Upcoming Plan:
- BTC may recover from March 25th to April 10th: BTC may trade sideways and Altcoins may pump.
The most notable narrative currently is RWA backed by Black Rock Shill: $ONDO, $OM, $CFG, $GFI
The second narrative is EVM: $SEI, $FTM, $NEON, $CANTO
The third narrative is that POW coins may pump before Halving: $CFX has already pumped => then it may be listing mining coins $ETC, $RVN, $CKB, $ETHW
The fourth narrative is Restacking: $ALT, $ETHFI
The fifth narrative is Meme: SOL system, TON, FTM
=> That could be the upcoming market wave.
Depending on the capital position, people can choose their trading assets.
- Next, after the positive news is over => the phenomenon of "sell the news" may appear due to BTC halving like BTC ETF => BTC may correct from 48k to 38k => Then from April to May, BTC may correct to 55k.
- Afterward, it may trade sideways from 55k to 73k, money will flow into $BTC, $ETH from June to August, BTC may continue to break new highs and attract DOM.
- Altcoin waves may pump strongly from August to October, simultaneously after the election in November and December.
