Bitcoin Balances on a Knife’s Edge Ahead of Powell’s Jackson Hole Remarks

The crypto market is in a delicate position as investors await Jerome Powell’s speech at Jackson Hole.

📉 Bitcoin’s slide from its record peak to the $113,000 zone highlights just how quickly sentiment can shift. The Fear & Greed Index has collapsed, reaffirming crypto’s role as one of the most sensitive gauges of global risk appetite.

🔎 From a technical perspective, the market looks fragile. A critical support sits near $108,000 — and if that level gives way, a swift move toward $100,000 is on the table. On-chain data already shows short-term holders cutting losses, adding to the pressure.

But it’s not a one-way street. While Bitcoin and Ethereum consolidate, altcoins such as Solana and Dogecoin are attracting flows, pointing to sector rotation rather than outright panic. That rotation signals resilience beneath the surface.

⚖️ The market feels like a coiled spring: a dovish signal from Powell could spark a relief rally, while a hawkish tone could deepen the slide.

Bottom line: This is a pivotal moment. The $108,000 level is the line in the sand — and the Fed’s words may decide whether Bitcoin breaks down or bounces back.

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