Pay attention to this, don't miss the best opportunity
The Federal Reserve's monetary policy has a significant impact on BTC. Since March 2022, it has raised interest rates 11 times in a row, totaling 525 basis points, which has caused a severe downturn in the crypto market, such as the FTX collapse. Now, according to CME's 'Fed Watch' data, a rate cut in September has become the market consensus.
If Powell hints at a rate cut in his speech at Jackson Hole, BTC may gain support from the release of liquidity; if he takes a hawkish stance, BTC could fall due to tightening market liquidity, and his speech is likely to break the current range-bound pattern of BTC prices.
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