Market Developments and Their Impact on #BTC

This week, there are two key events to watch: the #FOMC minutes on Wednesday and Fed Chair Jerome Powell's speech on Friday. These events could significantly impact Bitcoin and other risk assets.

$BTC started the week with low volume and sideways movement, reflecting cautious sentiment among investors. A monthly close above $58,700 would be a positive signal, while a close above $61,400 could further strengthen bullish momentum.

In the spot market, Coinbase’s continued buying from $49,000 is seen as a positive indicator. However, due to low volumes, it's wise to avoid risky trades. Although this week may seem calm, the FOMC minutes and Powell's remarks should be closely monitored. #PowellAtJacksonHole

Wishing everyone a profitable week ahead.