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.
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