The cryptos melted for two days in a row, chaos took over. But the wise buy in panic and sell in euphoria. (Or don't sell, lol, because $BTC doesn't sell)
That said, I accepted that I didn't have a crystal ball or enough wisdom to call the whales' game and just stuck to my strategy of buying a small slice weekly to accumulate at a good average price.
As far as I know, Trump's Bitcoin reserve will be held by the US TREASURY, not the FED 🤔 It seems to me that Powell's speech was intentional to cause this confusion.
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Crypto Alerts
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🚨 U.S. BITCOIN RESERVE CANCELED 🚨
FOMC isn’t allowed to hold $BTC anymore!
I did an in-depth analysis, and the results are shocking... 🤯 Get ready for turbulence ahead, with a potential dip below $60k. 🧵👇
🔑 Key Updates from Today’s FOMC Meeting:
1️⃣ GOOD NEWS: The Fed lowered interest rates by 25 bps ✅
Encourages more investment in crypto.
Similar rate cuts in 2021 fueled the legendary bull run. 🚀
2️⃣ BAD NEWS: Powell’s shocking comment:
The Fed cannot hold $BTC and no legislative changes are planned to make this feasible. ❌
🤔 What Does This Mean? Let’s Dive In:
1. Rate Cuts:
Lower rates = investors shift toward high-growth assets like crypto.
Historically, such moves drive major bullish momentum.
2. Bitcoin Reserve Block:
Powell clarified that the Fed, as an independent agency, is not authorized to hold $BTC.
Congressional action would be required to amend Fed regulations.
💡 Could Congress change this?
Yes, with a decisive push from leadership like Trump.
🌍 Why the U.S. Needs a $BTC Reserve:
📉 The U.S. dollar’s global dominance is eroding. 📈 National debt is at record highs. 🔗 Hedging with $BTC could secure a strong position in the digital economy.
📉 What Happened to the Market?
Powell’s comments triggered a massive $277M liquidation wave. 🌊
The market is targeting weak hands in a typical shakeout before the next pump. 💪
Reminder: This feels like the 18k->48k $BTC moves earlier this cycle: 1️⃣ Pump 2️⃣ Consolidation 3️⃣ Upward breakout 4️⃣ ~20% correction
🛠️ My Strategy:
Spot Positions: Holding firm 💎🙌
Market is cooling off—healthy correction.
My target: $90k for $BTC soon, leading to new ATHs.
⚡ Final Take:
This is likely just another shakeout before major upside momentum. 🔥 Stay calm and trust the process. 🌟
Are you ready for the next big move? Let’s discuss in the comments! 👇
DON'T BE A SARDINE! Don't sell your $BTC because you will regret it. The cut in the interest rate of the 🇺🇸 is good news and the whales will buy in the sale. I just bought a pittance of BTC, $SOL and $DOT because I like the thrill 🗿 #HODL
Polkadot ($55) rose more than charlink ($52) in 2022, and today it is cheaper than it, until the launch of polkadot 2.0 it should return to $55 because polkadot has no lack of structure, a top-tier currency. $DOT
Hello Binance. We are waiting for the bitcoin $DOG listing! Created on the bitcoin blockchain during the halving event this year, this cute little fella is one of my favorite gems. #memecoins 🐶🚀🪙