The key event of the day, week and month - today the head of the US Federal Reserve, Jerome Powell, speaks at a symposium in Jackson Hole. We should expect increased volatility with a possible "cut" in two directions.

Markets expect that this time Powell will make specific announcements about interest rate cuts in September. And ideally, he will also set guidelines for the number of cuts by the end of the year (the maximum positive for markets is three cuts by the end of the year - in September, November and December). As can be seen from the#CMEGroupcharts, all of this is factored into the market's expectations. Most expect a cut of 0.25 percentage points for September and November. Already 0.5 percentage points for December.

Given the growth of#BTCin recent days, the expectation of a statement on a decline in September is already included in the schedule. Therefore, the question is further posed as follows: either the statements will be even more positive for the markets (which will ensure the continuation of the upward trend), or there will be a correctional movement at the moment due to the insufficiency of "dovish theses". During a possible correction, it will be important to maintain the volume level of $ 59,335. And in the extreme and less likely case for the current situation - $ 57,709. A correction below will threaten the continuation of the upward movement.

There is no point in analyzing the BTC chart separately, but overall there have been few changes since yesterday. The $61,231 level remains the cornerstone. There is a resistance pool there, including the pGiP neckline.

In general, important events for the crypto market on August 23 from the economic calendar:

- 15:00 Kyiv and Moscow time / 17:00 Astana time - Speech by US Federal Reserve member Bostic (a member with “dovish” rhetoric and the right to vote).

❗️- 15:00 Kyiv and Moscow time / 17:00 Astana time - Continuation of the symposium in Jackson Hole.

❗️- 17:00 Kyiv and Moscow time / 19:00 Astana time - Speech by Fed Chairman Powell.

- 18:00 Kyiv and Moscow time / 20:00 Astana time - Speech by Bank of England Governor Bailey. Important for the pound sterling, which is included in the DXY formula.