Fed cuts interest rate to 50 basis points. Sell the fact.
You want to know what sell the fact got you? A move of Bitcoin from 61K to 59K. So all these characters that are short at 60, good luck.
In other words, if all these characters short at 60K either don't get gratification or get stopped out all at once, want to know what could get triggered after that? An altcoin move.
Like Vitalik singing on stage at Token 2049 in Singapore. That would qualify as the low. I'm good with that. I mean, the cringe was ghastly. Like, this has to be it.
It's like ETH and Bitcoin Cash. What about it? Let's get after altcoins.
Interest rates are too high.
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With this interest cut I think the stock market will continue to rise a little, as for Bitcoin it could continue to sideways between $63,000 and $57,000. As for AltCoins I don't think there will be big movements until 2025