๐ Bitcoin traders eye Jackson Hole meeting, especially Powell's speech on rates.
โ ๏ธ High leverage longs at $61K on Binance - potential red flag.
๐ฅ Possible heavy liquidations around $59K-$58K could push BTC back to $55K-$54.5K range.
๐ $62.8K is critical; could open path to $67K.
๐ผ BTC OTC desk balances at 2-year high - possible sell pressure incoming.
๐ $64K-$66K range could bring short-term holders to profitability.
๐ Key scenarios: Break above $62K-$62.8K or retreat to $55K-$54.5K.
Hopes high for Powell's speech to energize the crypto market. Which scenario do you think will play out?