CME Group data shows an 87% probability of an FOMC rate cut in 7 days. Furthermore, Trump announced two days ago that he has already chosen his next Fed chairman – a clear dove (a necessary condition for his selection 🙄). The recent rise in crypto and US stocks is primarily driven by the possibility of a December rate cut and a dovish chairman taking over next May. The net inflows into Bitcoin ETFs show the market voting with its money, but the overall inflow is nowhere near what it was before. Therefore, for those who bought the dip after the crash, I suggest taking profits. The market feels like the positive news has been priced in. And even if Powell is reluctant to cut rates, he'll likely remain hawkish in the latter part of the day. While my guess may not be accurate, you must be responsible for your money when trading; small profits are better than huge losses!