The probability of a rate cut is definitely rising (originally 70%, now 80%)
However, it will take until August for rate cut expectations to be traded. In addition, this is a preventive rate cut. In addition, it is only July 10th, so it is unlikely to be preempted 1 month + 21 days in advance.
The bottom is definitely almost here. The best thing is that there will be a positive news in the cryptocurrency circle, such as ETF approval, to take over and make it last for 7-10 days.
Then trade the rate cut expectations