My read on the market right now: we’re walking a tightrope, waiting for Jerome Powell’s words at Jackson Hole.
Bitcoin’s slide from its ATH down to the $113K zone shows just how fast sentiment can flip. The drop in the Fear & Greed Index underlines how crypto remains a real-time gauge of global risk appetite.
Technically, things look fragile. The $108K support is critical — lose that, and we could see a fast move toward $100K, especially since on-chain data shows short-term holders are already capitulating.
Still, it’s not all bearish. While BTC and ETH consolidate, altcoins like Solana and Dogecoin are pushing higher, hinting at capital rotation rather than full-scale panic. The market feels tightly wound — and a dovish Powell surprise could light the fuse for a relief rally.
Bottom line: this is a high-stakes setup. The market’s in waiting mode, and the $108K level is the line to watch for the next decisive move.
