How bad did the US dollar drop yesterday? It hit a five-week low!

This all started with three key data points. First, US employment data came in weak. Then, service sector inflation began to cool down. But most importantly—rumors came out from Trump’s side that the dovish Hassett might take the helm of the Fed. With these three things happening together, the market immediately picked up on the vibe: the probability of a rate cut in December shot up to 85%.

So what does this have to do with us? It’s a big deal.

When the dollar weakens, capital needs to find somewhere to go. Remember March 2020? After that Fed rate cut, Bitcoin took off and more than tripled. This current script feels awfully familiar to me. The problem is, a lot of people are still hesitating: “Is it still a good price to get in?” Institutions have already made their move—did you see the news yesterday that BlackRock increased its Bitcoin ETF holdings? Smart money is always half a step ahead of you.

So what should retail investors do? Here’s what I think:

First, don’t overtrade. This period of dollar weakness is likely to last until the first quarter of next year, so holding your spot positions steady is your best bet.

Second, keep a close eye on the Fed’s December decision. Until a rate cut is actually announced, any pullback could be an opportunity.

Finally, keep some cash on hand. If a black swan crash hits, those leading altcoins could get super cheap. I suggest keeping about 20% reserved, enough to catch a wave.

To be honest—

Bull markets always start when most people are still half in doubt. By the time everyone’s shouting, “Bitcoin’s going to break $100k,” that might be when you need to be careful. The market’s still relatively calm for now, but the Fed is already starting to soften its tone. What do you think that means?

The dollar’s dominance is being shaken. In this era, cryptocurrency might be the sharpest tool ordinary people have in their hands. Once you see the opportunity, it’ll come naturally.