๐จ BIG DAY FOR CRYPTO ๐จ
At 10 AM ET, Powell takes the stage at Jackson Hole. Markets have been shaky all weekโmost expect him to stay hawkish.
๐ But hereโs what many are overlooking:
โข Unemployment rose to ~4.2%
โข Jobless claims climbing
โข Bankruptcies at multi-year highs
โข Inflation still under 3%
This mix may soften the tone of the speech. If Powell leans dovish, we could see a sharp bounce in shorts. If he stays hawkish, markets may already have priced that in.
Either way, $BTC & altcoins might see upside in the coming weeks.
weeks ๐๐ฅ
