After a minor pullback the previous night, many rational investors are now liquidating their positions, anticipating a major correction after the rate cut. If I were a market maker, I'd trigger a rally for a few days after the rate cut, preventing the expected plunge from happening and instead causing a rally. This would encourage those so-called "sane" investors to jump in, and also harvest more liquidity for the short-term trend. We're almost at the point of a rate cut. Whether it will cause a drop after the cut is implemented is hard to say, but there will definitely be a short-term exchange of positions. The market's current expectation is for a sharp drop after the rate cut, allowing investors to buy at the bottom. However, given the consistent performance of the major players, this doesn't seem to be happening. Perhaps the market will rise for a few days after the previous drop, thus harvesting more liquidity. #BTC #Bitcoin #btc