Yesterday, the Fed reduced interest rates by 0.25%. However, the Fed stated that they will only cut rates twice in 2025, fewer than the four cuts in the previous forecast.
The DOW 🇺🇸 stock index and Bitcoin decreased by $5000.
Currently, BTC is still making higher highs and higher lows.
If it holds around here, that's okay.
Most altcoins have returned to the oversold region (the buying and selling strength index reached a low on November 5, 2024, this is the accumulation zone for the next wave).
If anyone asks me, I'll say if there's money, buy more, but don't sell here.
This month, altcoins seem very challenging as they are adjusting on the weekly frame, and are also affected by a major holiday month in the West. The market will improve more in January.
