#PowellWatch

Global crypto and equity traders are closely monitoring remarks from Federal Reserve Chair Jerome Powell, as his stance on inflation and interest rates continues to steer market sentiment.

Bitcoin (BTC) remains range-bound on Binance around $117,000, with traders cautious before any fresh guidance. Historically, Powell’s hawkish comments often add selling pressure to risk assets, while dovish tones can spark a surge in both equities and crypto.

On the 4H BTC chart, consolidation reflects uncertainty — bulls are guarding the $115K support, while bears defend the $118.5K resistance. A decisive move could follow depending on Powell’s signals regarding future rate cuts or continued tightening.

Investors are reminded that in crypto markets, volatility often spikes during major macro announcements. Managing leverage and sticking to risk strategies is crucial in such environments.

⚡ Stay sharp — Powell’s words might set the next wave in crypto!

#PowellWatch #BTCUpdate #Binance

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