Crypto analyst Alex Krüger stated that crypto charts ‘look so broken and bearish that is bullish.’

According to the analyst, the recent $BTC and $ETH crash signals it’s time to go long. The charts are also looking good for alt coins:

Notice how today’s move was mainly BTC and ETH getting dumped, while alts stopped crashing earlier. Often a sign of upcoming strength.

— Alex Krüger, X post

According to Krüger , the current bear trend is just a psychological game triggered by investors taking in profits before the next Federal Open Market Committee (FOMC) meeting on Sept. 16-17.

That’s when the Fed decides whether to cut interest rates or not, which is likely to happen. A positive decision would reduce the cost of borrowing and add liquidity, increasing trust in high-risk assets like

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