#Bitcoin #Crypto #Finance
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Timestamps:
00:00 – Fed Cuts Rates… Yet Bitcoin Drops
00:47 – Losing $114K Triggered the Selloff
01:41 – How the Path to $108K Was Mapped Out
02:00 – Why Did Bitcoin Fall Despite Bullish News?
04:49 – Range Rotation Explained
06:00 – Expect a Multi-Week to Multi-Month Range on BTC
08:37 – Ethereum Showing a Similar Structure to Bitcoin
09:40 – S&P 500, Nasdaq, and Dow Cooling Off
10:09 – Gold Finds Support at a Key Level
11:46 – Final Thoughts
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I think we’re going to pump
Cryptorus showed an interesting chart that showed BTC historically hit new ATH every time after rate cuts
What do you think?
The big thing was that after Jerome Powell did the quarter point rate cut. He announced that there's a good chance that we will not get another rate cut in December.
That's the reason the market really went down. I do not believe we are now entering a bear market. Although nothing is 100%. We have not had an altcoin season and I think we could drop and then within the next 2 months have a blow off top.
I am bullish and the more I hear people that are bearish that makes me more bullish. We have not had an altcoin season and an over exuberant retail buyers enter the market and create a blow off top.
Keeping it simple when they start QE in history the s*** is already hit the fan I've been in crypto decade and stocks decades. I think we're going to have a very slow down but not severe and I think it will be longer than you think. Another little top soon sell out Christmas ish sell out march roughly bargains long game. Hold forever
Powell strikes again. Playing politics. Once he is gone in may. There will be a huge bull market. Him and his supporters are the huge problem. He has kept the market stagnant all year. He is incompetent.
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144 billion gone today -4.5% of total crypto market cap
Bearish long term.
Super!
Appreciate your work sir, very informative an useful! Keep it up , I know this helps us all navigate the market. The words at the end of the video of conviction an discipline are so important!!!!Thank you to remind us all!!
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