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

There is 0% chance that the FED doesn't cut rates the next 3 meetings until the end of the year. People are speculating about an emergency cut before September. Also some people are speculating for a 0.5% cut. We are probably going to get a few days rally after the first cut and when the excitement wares off we will start falling again for lower levels on crypto. Until the FED decides to do QE again crypto will most likely not make a new high. And that could be in 3 months it could be in 6 months. No one knows. I expect a long sideways/ down market for that period. My plan is to sell my liquid part of the portfolio in to the rate cut rally, about 15%. And buy back in when they do QE.