In 2 hours we will have the announcement of the Interest Rate Cut, meanwhile #altcoin and #BTC remain at the same low as at the beginning of the day, however, of course as we get closer to the time, things should heat up!
..but, I am not very focused on the amount that will be cut, I think 25BPs is the most likely, of course the market would love 50Bps, but I don't think that is it, but rather 25 Bps.
My biggest focus and that of the people should also be on the SPEECH right after the data, these speeches have been more important than the cut itself. If Powell brings a calm and LUCID tone in this speech, then we can use this as a booster for prices, and from that point, not only Bitcoin would rise, but also Altcoins.
Something interesting to note here is that BITCOIN Dominance is dropping, of course it's nothing bizarre since it's only -0.20% and we're obviously at the 58% resistance, but it's still something, if we can get to 16:00 below 58% I think we can have a drop of maybe -1% which would help Altcoins breathe.