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In anticipation of Powell's speech today in Jackson Hole, the dollar is approaching the resistance level of 104.5. The S&P also dropped to the lows of the month yesterday. All these factors are putting pressure on the crypto market, and although there was an attempt to grow to around 26700, the negativity didn't let optimism last long, and we rolled back. It's noteworthy that both the dollar, the S&P, and Bitcoin are at support/resistance levels. Upcoming events include the speeches of the heads of central banks and Powell's address at 14:05 GMT. I will share a forecast a bit later, as I need to keep an eye on the unfolding events, but at the moment, if we exclude the negativity in the crypto market related to Binance and other ongoing FUD that is actively being disseminated in the news, there are chances for recovery and a reversal from these levels. Actually, what's even more concerning than the confusion over rates and other issues is the FUD in the crypto market itself. Let's keep an eye on the situation...
