🚨 The financial market & Crypto is preparing to enter 2 extremely important milestones:
1️⃣ The FOMC minutes for July – will be released at 1 AM on August 21 (Vietnam time). This is crucial data indicating whether the Fed is leaning towards a "hawkish" stance (keeping interest rates high) or "dovish" (preparing to cut rates). Over the past few days, BTC has dropped from a recent peak to the area of 112,000 USD, reflecting the anxious sentiment ahead of the release.
2️⃣ Chairman Powell's speech – at 7 AM on August 22 (Vietnam time) at the Jackson Hole conference. This is always the biggest "stage" of the year, where Powell outlines long-term policy direction. Previous speeches here have caused strong fluctuations in gold, stocks, and Bitcoin.
👉 These two events will determine global capital flows in the upcoming period. Will the Fed begin to ease monetary policy in September or continue to maintain high interest rates?
