The crypto market is in turmoil following the recent Fed meeting, and Iโ€™m here to be your voice of reason. The most crucial advice right now? STOP TRADING ALTS. Ignore the noise from so-called โ€œcrypto gurusโ€ pushing you to buy this or that coin. The truth is, we donโ€™t know where this drop will bottom out, and thereโ€™s no clear signal to act on yet.

Whatโ€™s Happening?

Hereโ€™s a quick breakdown of the chaos:

Fed Rate Cut: The Fed slashed rates by 0.25 bps yesterday, triggering heightened volatility after Powellโ€™s speech.

Market Retracement: After months of pumping, this pullback in both crypto and stocks was inevitable.

Stronger Dollar: As the dollar gains strength, BTC faces downward pressure, dragging alts down with it.

What Should You Do?

This market is tricky, but there are ways to navigate it wisely:

1. Spot Bags

Hold tight if youโ€™ve got strong positions.

Consider DCA strategies if youโ€™re in bullish trends, but donโ€™t act prematurely. Wait for clear signals.

2. Futures Trading

Extreme caution is key!

Personally, Iโ€™ve only longed LINK, and itโ€™s not in profit yet. Iโ€™m staying out of the market until a predictable opportunity emerges. Small risks only.

3. BTC Dominance (BTC.D)

BTC.D isnโ€™t anywhere near resistance.

A spike to 60% could cause alts to drop another 20-30%, turning this into a massacre for altcoins.

Why Sitting Still is Smart

Sometimes, the best trade is no trade at all. This market demands patience and discipline. Jumping into altcoins now without clear reversal signals could lead to massive losses.

Want to avoid the hype and navigate the market safely? Follow my copy trading account! Iโ€™m managing risk while others chase risky trades. Click here to copy my moves and stay ahead of the market ๐Ÿš€

Final Words

Stay smart, stay patient, and letโ€™s ride out this storm together.

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