Today's decline is expected and very natural... After about 36 hours from now, a conference will be held for Jerome Powell, and a decision on the interest rate for the US dollar will be issued... Therefore, today everyone is trying to secure their investments... But in my personal opinion and based on the analysis of the data, this is a wrong move... Unfortunately, the majority of traders have a limited mindset... They follow the blind shepherd even if he takes them to the abyss... Let's analyze the matter logically only...
First, the expectation (from the general traders): is to maintain interest rates on the dollar during the upcoming period (this is the worst scenario). If this happens and the US Federal Reserve maintains the interest rate on the dollar, it is logical for the markets to remain as they have been recently, meaning they will continue to rise and fall and fluctuate naturally like the past month "I mean a full month at most".
Therefore, this decline and random selling attempts are unjustified and illogical because indeed nothing will change and everything will remain as it is.
As for the other possibility (which only 5% of traders see)
It is a reduction in the interest rate on the dollar regardless of the value of the reduction (large or small), and thus the markets will revive as investors turn towards crypto where there is a much larger profit margin than keeping their money as deposits in banks... This reduction will bring new liquidity to the markets and will thus increase the demand for Bitcoin and alternative currencies, which will lead to price increases (which will often be significant).
