🚨Major warning.🚨
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If you're involved in the crypto market, then don't skip this.
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I believe the September correction is already priced in and in the worst case scenario we'll get a dump to 55-56k level and then continue.
Everyone this cycle is talking about a September dump, this wasn't the case in previous cycles. So it is only logical that we don't see a major dump.
Calling for a bullish September.
There are 2 scenarios I have in my head:
18th September is the day we'll get the rate cut by feds. So my analysis is based on that.
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1. We continue to go sideways and eventually even we come closer to 10-12 September we eventually start to pump, people in anticipation of the rate cut starts to buy BTC.
Then when the actual rate cut happens we dump, kind of like a sell the news event then continue with the uptrend going into October.
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2. In this scenario, we continue to chop in the current range and then when the rate cut is live we gradually start to pump going into October, starting the uptrend.
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Whatever happens, be careful, even though I don't think we'll dump in September, we can't overlook the fact that we're in the worst month for crypto. If we actually have a dip, make sure you're ready to buy it.
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Thanks for reading, take care.
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#BNBChainMemecoins #bitcoin☀️ #BTC☀ #BinanceBlockchainWeek #btcupdates2024
