Tonight at 22:00, Federal Reserve Chair Jerome Powell will deliver a speech at the Jackson Hole Global Central Bank Annual Meeting—his first appearance of the series.
At present, overall market sentiment remains cautious. Bitcoin is consolidating around $80,800, building up energy and awaiting a directional breakout. What kind of monetary policy signals will Powell’s speech reveal? Will it trigger another round of volatility in the crypto market?
As of now, expectations for a rate cut this year have continued to drive market nerves. If his remarks are hawkish, they may put short-term downward pressure on the crypto market. If they are dovish, they could help push Bitcoin higher and support an upside breakout.
What kind of行情 do you think this speech will set off? What is your current position? Feel free to share your thoughts in the comments section!
$BTC
#JacksonHole #美联储 #Bitcoin
At present, overall market sentiment remains cautious. Bitcoin is consolidating around $80,800, building up energy and awaiting a directional breakout. What kind of monetary policy signals will Powell’s speech reveal? Will it trigger another round of volatility in the crypto market?
As of now, expectations for a rate cut this year have continued to drive market nerves. If his remarks are hawkish, they may put short-term downward pressure on the crypto market. If they are dovish, they could help push Bitcoin higher and support an upside breakout.
What kind of行情 do you think this speech will set off? What is your current position? Feel free to share your thoughts in the comments section!
$BTC
#JacksonHole #美联储 #Bitcoin