➡️Today we may see a volatile day as it is August 23 on the calendar, which means that Fed Chairman Jerome Powell will give a speech at the Kansas City Federal Reserve Economic Symposium in Jackson Hole, Powell's speech will begin at 17:00 (GMT+3).

➡️The probability of a rate cut by the Fed is 100% and only its value raises questions (see screenshot).

Now the balance is in favor of 25BP, although there is a high probability of getting a reduction of 50BP right away.

Considering all the conclusions made earlier in the posts and how the % played out for the reduction, I remain of the opinion that Powell will reduce the rate by 50BP. We'll check it out on September 18!

➡️Today he can only hint, but the main hint will be a 100% rate cut, but if he hints at a 50BP cut at once, that would be a "bomb" for such a symposium! Do you know what the name is?

"Reassessing the effectiveness and transmission of monetary policy".

Even the title itself already contains some inside information. About the reduction for sure...

➡️Considering that there are 3 rate announcements left this year and that a 44% reduction to 4.5% is planned for December, then this is a reduction of 100BP in 3 meetings, it turns out that 1 time there will definitely be a reduction of at least 50BP, although we note that until recently the probability of a reduction was estimated at 4.25%, but time goes by and the values ​​​​change and will be lured. We are watching.

➡️Here it is important to remember that the beginning of the rate cut from the Fed is a signal that inflation is being defeated, which means it is positive for the economy as a whole and entire sectors of the US economy, and this already entails positive things on the world market, which includes cryptocurrency and "funds". In the long run, this is undoubtedly positive.

➡️The opinion that Bitcoin has always fallen after the Fed began to cut rates is a narrative that has no basis, but only someone's wild fantasy that was repeated by 100,500 people without checking this statement. Learn to check information and don't be a crowd!

➡️The nearest expectations for Bitcoin, i.e. the target is 63750+/-.

⚠️Important areas:

✅Support: 61050, 60150, 59500, 58950, 58750, 58600, 55750, 55400, 53200, 51000

❌Resistance: 61400, 61800, 62750, 63750, 64450, 66000, 66500, 67100, 67700, 70600

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