🟠 Event: Statement from Jerome Powell + Strength of the USD 📉 Impact: The S&P 500 (SPX) has dropped below the lows of July 25, signaling weakness in traditional markets. Bitcoin (BTC) remains above the same important level, indicating relative strength compared to stocks. 🔍 Technical Analysis: The ability to hold the support level of BTC despite macro pressures suggests it is being viewed - at least temporarily - as a risk-off asset or a safe-haven asset. 📌 Conclusion: Monitor BTC: If it continues to hold above 114.781 USDT, the recovery momentum may continue. Weakness of SPX: Further declines in stocks could pressure the markets, but the relative strength of BTC is a bullish sign
