Federal Reserve Chair Jerome Powell is scheduled to speak tomorrow, Wednesday, April 16, 2025, at 1:30 p.m. Eastern Time (ET),

What This Chart Shows:

• Bearish Rising Wedge near resistance zone.

• Drawn potential breakdown targets around the $81K–$82K level, depending on where the wedge breaks.

• Breakdown might coincide with Powell’s speech, which adds fuel to the volatility.

What’s Likely?

If Powell maintains a cautious or slightly hawkish tone (which is expected), it could:

• Confirm your bearish wedge thesis,

• Lead to a sell-off in risk assets like #BTC🔥🔥🔥🔥🔥

• Possibly bring BTC into that lower support zone between April 18–23,