Many investors are surprised: the alt season is just beginning, expectations of rate cuts are evident, and prices continue to fall. The main reason is the upcoming speech by Jerome Powell on September 17, where a 25 basis point rate cut is expected. Some are confident that a rate cut is almost guaranteed, and the market should rise. But until there is an official decision, uncertainty reigns in the market — and investors cannot tolerate it. Before the speech, many are locking in profits to reduce risks.
Moreover, the rise in inflation continues to put pressure on the market, making expectations of rate cuts even more challenging. Until the day of the official announcement, it is impossible to predict the outcome accurately — only God knows this. If rates do decrease, it will become a true paradise for crypto, and the growth could be simply astronomical! If not — there may be a massive price drop and a sell-off in the market. Advice for this week: be extremely cautious. Volatility will be high, do not enter the market with all your capital and hedge your positions with stablecoins.
Since there are many events this month, there will be a lot of volatility in the market around them. This is normal. Moreover, we know that the month of September is known as Red September. So this time should also be remembered. I think we should analyze well before taking trades during this time and be patient. Moreover, if we consider the periods after last year or the last Bitcoin halving, we can see that it is now moving towards the alt season. So at this time, many traders are panicking to drive investors away from the market. However, at this time, I think we should be much calmer and keep the market updated. Hopefully, the alt season is going to start very soon.
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