🟠 Event: Jerome Powell’s statements + USD strength
📉 Impact:
S&P 500 (SPX) broke below its July 25th low, signaling weakness in traditional markets.
Bitcoin (BTC) held above the same key level, showing relative strength compared to equities.
🔍 Technical Insight:
BTC’s ability to hold support despite macro pressure suggests it's being viewed — at least temporarily — as a hedge or safe haven asset.
📌 Conclusion:
BTC Watch: If it continues to hold above the 114,781 USDT level, a bounce could follow.
SPX Weakness: Further decline in equities could add pressure across markets, but BTC's relative strength is a bullish sign.