PEPARE YOURSELF, THIS IS EXACTLY HOW THE MARKET WILL BEHAVE FOR THE NEXT 20-25 DAY
On 4th August, I lost $790 from my spot wallet and $65 from futures. Mainly, I had sold some tokens on the marketplace around 11 AM that were in loss. Thanks god, otherwise, I might be in big trouble coz the next day alt coin dumped about 50%. Biggest dump since 2022.Â
These events have led me to decide that I wonât invest in any altcoins before the 20th of this month. Today is the day.Â
In the last FOMC meeting, the interest rate was not cut, which suggests that the market believes the dollar needs to get stronger. As a result, the dollar index price is starting to go up, and the crypto market is undergoing a significant correction.Â
However, since itâs now almost certain that there will be an interest rate cut in the next meeting on September, and the market has already corrected itself, the nest 20 days leading up to that FOMC meeting are going to be pretty bullish. So this is the right time to invest.
On the day of the meeting, weâll likely see that the prices of most tokens have already risen significantly. When the announcement comes that the interest rate has been cut by 50 basis points, most people will think that itâs super bullish news. However, that could actually turn into a "sell the news" event.Â
Bitcoin might make a quick upward move and then start dumping, causing altcoins to bleed as well. But this will likely be temporary. In the long term, an interest rate cut is bullish.
Prepare yourself accordingly.Â
BULLISH TOKENS ARE
