A trader's warning: ⚠️ get ready for a wild ride in the crypto market! This trader lost $790 from his spot wallet and $65 from futures on August 4th. Thankfully, he sold some tokens that morning, or he would've been in big trouble when altcoins dumped 50% the next day - the biggest drop since 2022!

That's why this trader's decided to hold off on investing in altcoins until the 20th of this month. But now that the Federal Reserve didn't cut interest rates in the last meeting, the market thinks the dollar needs to strengthen, causing a crypto market correction.

However, with an interest rate cut likely in the next meeting on September, the next 20 days will be super bullish!

It's time to invest. By the day of the meeting, token prices will probably have already risen significantly. When the announcement comes, people will think it's great news, but it might actually be a "sell the news" event. Bitcoin might spike up and then dump, causing altcoins to bleed too. But don't worry, this will be temporary.

In the long run, an interest rate cut is good for crypto.

Prepare yourself! 🔥👀

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