BTC is "bleeding", why? 🤷♂️
📈 According to research from LH Meyer, Fed Chairman Jerome Powell may speak uncertainly about interest rate cuts in September at the Jackson Hole conference taking place from August 21-23.
🔍 This research was reposted by Walter Bloomberg's account, immediately raising concerns and fear in the market. And thus Bitcoin "moves quickly", returning to the support level.
🧐 Could this be the familiar strategy of "buy the rumor, sell the news"? Personally, I believe this news is just an excuse to rationalize Bitcoin's technical adjustment. The price may "bounce" around the 98k area, but to drop to 94k, this news is not strong enough; more negative information is needed.
📌 What do you think about this correction? Could this be an opportunity to "catch the bottom"?