Jackson HoleđWaiting for Jackson Hole
Globally, the market is still in uncertainty: Ethereum seems to be forming a potential reversal structure, but today Powell is speaking at Jackson Hole, and his words will set the tone for the upcoming Fed meeting.
đ§This will most likely be Powellâs last appearance at this event, and we might see a special performance from him. Historically, Jackson Hole week has always been marked by sell-offs and volatility, which is exactly what weâve been seeing this week.
Maybe the crypto market has already priced in all the negative scenarios of his speech, but no one really knows â and there have been plenty of cases where Powell managed to push the market down in just a few minutes.
đ¸So, be careful with high leverage today â or better yet, stay out for now. And if youâre already in positions, donât forget about your stop-loss or TP, because the market could swing both ways.#HEMIBinanceTGE #FamilyOfficeCrypto #BNBATH880 #MarketPullback