From now until August 23, the Jackson Hole Symposium will take place, with the highlight being on August 22 when Fed Chair Jerome Powell speaks about interest rate direction. The market is waiting for new signals amid high inflation, a weakening labor market, and increasing political pressure.
If Powell continues to tighten monetary policy, Bitcoin and crypto are likely to adjust further. Conversely, if the Fed signals a "dovish" stance, the market could rally again.
Statistics also show that 6 out of the last 7 Jackson Hole meetings have been accompanied by significant volatility, except for 2023. Therefore, everyone should be prepared :))
