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Analysis of market prices and volatility.
• Bitcoin is trading at $112,800, 4.5% below the peak.
• Volatility has reached its lowest level in two years ahead of the Jackson Hole symposium.
• Technical indicators show mixed signals: bearish MACD but neutral RSI.
• The breakout of the ascending wedge pattern suggests a possible drop towards the support level of $88,000.
• Expectations regarding Federal Reserve policy dominate market sentiment.
• A possible 25 basis points rate cut in September generates cautious optimism.
• The regulatory environment is evolving with conflicting signals: the sector advocates for reforms while state regulators increase oversight.