Analyst: Follow Jackson Hole Summit, Bitcoin may be affected by Fed's September policy

On August 19, analyst Ryan Rabaglia stated that due to the pullback of Bitcoin in the past few days, "everyone" will be following Fed Chairman Powell's speech on Friday, August 22, to look for hints about the Central Bank officials' policy direction at the September meeting.

Rise Capital venture capital fund general partner Ryan Rabaglia stated: "As some mainstream coins reach historical highs or approach those highs, there has been a significant amount of profit-taking. An important event this week is the Jackson Hole summit, where everyone's attention will be focused. In past summits, we have seen the Fed chairman take decisive actions, even clearly hinting at interest rate hikes or cuts, and this time he is also expected to take a clear stance. This summit will serve as a prelude to the actions in September, and the market currently widely expects a 25 basis point rate cut."

Analyst Bruni stated, "If this week's comments indicate that there will be no interest rate cut in September, Bitcoin may continue to be under pressure, and traders will follow the 200-day moving average close to $100,000 as the next important support level."

BTC-1.39%
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blockBoyvip
· 08-19 05:32
Fall is healthier~
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BoredWatchervip
· 08-19 05:32
I understand, it's nothing.
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LayerHoppervip
· 08-19 05:24
What else is there to say at the end of the month? BTFDing.
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BlockchainFriesvip
· 08-19 05:22
Tired of the rise and fall
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StrawberryIcevip
· 08-19 05:20
Who knows what attitude Bao Shu has this time?
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BlockchainGrillervip
· 08-19 05:17
Still watching the crypto world market, I think the Eagle Beer trend is more interesting.
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