The Fed will cut rates in just 2 days.
JP Morgan and other big analysts are expecting a market dump before reversal.
Scenario 1: $BTC will dump towards $104,000 level before reversal.
Scenario 2: Bitcoin will dump towards $92,000, which also has a CME gap before reversal and a new ATH.
If youโre just starting your trading journey, hopefully my mistakes can save you from making the same ones.
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Lido's dump seemed odd to me, so I took a deeper look into what was going on. Here's the likely reason:
$LDO is selling off because of concerns around Ethereum's EIP-8361 proposal.
The proposal would reduce staking rewards as ETH staking increases.
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Can we please stop this war.
ETH/BTC daily bearish divergence has been confirmed.
It doesn't necessarily mean a crash is coming, but $ETH might start underperforming $BTC from here.