🚨 $BTC +5 % up to ~$117,300 after dovish turn from Powell at Jackson Hole — $140 K on the radar?
Bitcoin surged 5 % to reach ~$117,300 after Jerome Powell hinted at a possible rate cut in September during the speech at Jackson Hole, causing a record liquidation of approximately $380 million in short positions. Additionally, risk markets along with BTC were infused with optimism due to the Federal Reserve's change in tone.
Key signals converge:
The probability of a rate cut now hovers around 87 %, according to CME FedWatch;
Technically, BTC is at a decisive zone between consolidation ($115–116 K) and new escalation towards $124K+, or correction to $108–$107 K.
Are you joining the new momentum or waiting for the next pullback?
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