$BTC

Mr. Powell has accepted that he cannot control inflation at the ideal 2%, in reality, the gap from the ideal is far, so don’t try to idealize! Mr. Powell emphasizes the labor market, a bloodbath occurred on 5/8/2024 with the Sam rule triggered, blowing away thousands of billions of dollars with a terrifying sell-off stretching from Europe - America to Asia! BTC indicators show that it is fluctuating sideways, taking quite a bit of liquidity, next week on Thursday, employment data will be announced, on Friday, August 29, core PCE data will be released.

Based on the chart for analysis, the likelihood is high that PCE is not too concerning, falling within experts' predictions, so the belief that the FED will cut rates in September is rekindled, BTC is again likely to bull run with a new ATH around 125-127k! In reality, BTC is currently moving sideways, pumping through various alti coins down significantly! Memes like Pepe and Neiro will decrease, this year based on overall analysis, the likelihood is high that the U.S. will fall into recession in November! There won't be a soft landing like in previous years, with ETH having already reached 48xx, BTC is likely to move within a decreasing range, or if the news is shocking, then ETH will also struggle to go deep; what's necessary now is for BTC to dump hard, reducing RSI to around 50-54, then it can go up again while alti will always follow!

I don’t know what news will come out, I can only rely on the chart + current news to make predictions! The chart at the time of writing has news of the FED cutting rates twice, so it’s quite difficult to accurately analyze the path for Futures; without that news, with the current chart, BTC could sweep down to 103-105k.

Note: This article is for reference only, not investment advice, disclaimer!