🚨Is it a good time to buy after the fed rate cut?! 🚨
Guys listen up very carefully even though the fed announced at rate cut but jerome Paul's speech made it worse because he said that:
“there won't be any rate cut for quite some time now ”which in traders language e call a hawkish cut .
This event caused a major sell off event by both retailers and bigwhales and big institutions causing major cryptos to dump including $BTC dropping below 90k but eventually buyers took control and many other like $ETH and $XRP faced the same both dropped to immediate support
so should we buy,personally I'm buying btc as long as it stays above 90k eth above 3150 and Sol 127$ . because these are a good support and the main reason is that even the speech made a dump but it also:
announced that fed will be buying 40 billion worth of treasurey bills if we look in the history every time this has happened crypto has pumped especially
if these support break it can eventually be a download trend and btc might test it's second biggest support that is 84k so keep a look out till then and avoid getting manipulated by whales !#CryptoNews #market_tips #WriteToEarnUpgrade