Technical analysis by BGMind_Control about Symbol BTC: Sell recommendation (8/6/2024)

Every one thinks rate cuts are good for crypto. But history shows that when the FED starts cutting rates the stock market goes in to a bear market. When the markets fall to an uncomfortable level for the Fed they start doing QE which re pumps the market again. If the stock market goes in to a bear market for the next year, crypt aint going up. Sell in to the rate cuts rally because people with wrong understanding will probably fomo in and when the excitement wares off its all she wrote. Many of these alts will probably spike down to new cycle lows.