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Today is Day 695 of me posting updates. If you think I’m serious, you can walk alongside me—and I also hope the content every day helps you. The world is big, and I’m small. Hit follow so you don’t have trouble finding me.
This round of Bitcoin is likely to hold steady rather than drop—most likely because of the July 29 FOMC meeting!
There are still three meetings this year: the next one is on September 15, and the last two are on October 27 and December 8!
This month’s meeting sets the tone for rate cuts in the second half of the year.
The midterm elections end on November 3. Waiting for an October 27 rate cut by then definitely isn’t realistic, so the odds of a September rate cut are extremely high. In the future, it will drive votes and pump the stock market!
So in this cycle, after rate-cut expectations for September start getting released at the 29th meeting, the market kicks into a top-run. Then, once the move is over, in the first half of August there’s continued selling pressure, starting this round’s final bottoming phase with another deeper dip. In the second half of the month, it begins bottom-fishing and then a pull-up. After the September rate-cut news is released, there will be a second dip—and then by late September, it fully kicks off!
A wild October bull market—one push up of 90k/100k! Once the midterm elections are over and the benefits land, there will be a pullback and a six-month shakeout/flush!