Matrixport: The market focuses on Powell's speech in Jackson Hole, Bitcoin rebounds
Odaily reports that Matrixport has released a chart stating that Bitcoin is at a critical point of breaking through the current narrowing triangle pattern. If it breaks upwards, it could trigger positive momentum; otherwise, the expectation for price rebound may be extended. Federal Reserve Chairman Powell is about to give a speech in Jackson Hole, and the stock market is expected to rebound in advance. In addition, the release of minutes from the last FOMC meeting may bring dovish signals.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
U.S. Dollar Index Sinks to Three-Month Low After Weak Job Data; BTC Slumps as Gold Rises
UBP sees September Fed hold as US inflation cools further
U.S. Stocks Movement | Storage Chip Concept Stocks Rise Across the Board, SNDK (SanDisk) Up 6%
On Monday, storage chip concept stocks generally rose, with SanDisk (SNDK.US) up by 6%.
AstraZeneca (AZN.US) / Daiichi Sankyo ADC first-line lung cancer phase III study succeeds
On August 17, AstraZeneca (AZN.US) and Daiichi Sankyo jointly announced that the Phase III DESTINY-Lung04 study of Enhertu (trastuzumab deruxtecan) as a monotherapy for first-line treatment of non-small cell lung cancer (NSCLC) has achieved highly positive results.
Crypto prices
More
