Your Crypto Guy ๐Ÿ‡ฎ๐Ÿ‡ณ
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Your Crypto Guy ๐Ÿ‡ฎ๐Ÿ‡ณ
Do you think weโ€™ll see a positive statement from Powell about money printing tonight? Hit ๐Ÿ”ฅif yes, or ๐Ÿ˜if not.
If we get good news, it signals the start of the long awaited altcoin run. But if thereโ€™s no positive statement, altcoins could drop by 30-40% further. So, itโ€™s wise to avoid leverage trading tonight.
Expect the best, but plan for the worst.
Powellโ€™s speech is more important than the rate pause.
Once again, the month started with an unexpected crash, and it feels like altcoins have lost whatever life they had left.
Whenever market starts to recover, an unknown reason pushes it back to new lows.
Market makers and exchanges are not losing anything because they profit whether the market goes up or down, but all of this is making the situation worse and worse for retail investors.
These two factors are creating a highly unfavorable situation for altcoins.