Market Conditions and Rate Expectations
• Bitcoin fell 7% from its all-time high before Powell's speech in Jackson Hole, while ETH rose 2.25% to $4,745
• CME FedWatch shows a 75% probability of a 25 basis point cut in September; an 8% chance of a larger reduction of 50 basis points
• Powell emphasized the balance between controlling inflation and concerns about unemployment, signaling cautious easing
• The total cryptocurrency market capitalization remains stable at $4.03T despite the volatility generated by speculation about Fed policy
Price Movement Dynamics
• Key support levels in BTC set at $60K and $65K - critical zones to monitor before the Fed meeting
• The strength of ETH suggests institutional positioning for looser monetary conditions
• Historical patterns indicate a possible correction in September followed by a bullish momentum if the rate cut is realized
• Speculations from Treasury Secretary Bessent about a 50 basis point cut add uncertainty to the market despite the co
