$BTC ⚡ Bitcoin is currently holding around $78K after recently pushing above $81K.
The latest PCE inflation data came in at 3.7%, keeping pressure on the market and creating some uncertainty around the Fed’s next move.
Now traders are watching two major events: the $6.4B Bitcoin options expiry and Fed Chair Kevin Warsh’s Jackson Hole speech. Both could bring extra volatility to the crypto market.
For me, the key level to watch is whether BTC can regain $80K and eventually break above $81K with strong momentum. If that happens, bullish sentiment could return quickly. On the other hand, a rejection around these levels could lead to another short-term pullback.
Stay patient, manage your risk, and don’t let short-term volatility control your decisions. 📊