Historically, every time a rate cut is initiated, the US stock market has experienced a sharp decline, Bitcoin has been cut in half, and altcoins have returned to zero. From 2017 to the present, this rule has not been an exception.
The start of the rate cut means that the Fed has failed to control the economy, a recession is coming, and the market's confidence in the Fed has fallen to the bottom. These are all opportunities for big shorts.
However, from a macro perspective, Bitcoin has always maintained an upward trend, which is beyond reproach.
Big money is often cyclical money.