In a couple of minutes, the speech of the US Federal Reserve Chairman Powell at the symposium in Jackson Hole will begin. The time is approaching when it is better to protect your positions.

As always, we will write all the main theses.#Coindeskwrites that investors do NOT expect a surge in BTC volatility against the backdrop of J. Powell's speech. This conclusion is made based on the data of the Deribit options market.#Amberdataanalysts suggest that good data on US inflation will allow Powell to be more "dovish" in his speech. And#SignalPluspredicts that everything will be limited to standard and already boring cautious statements (which, we will add, the markets will perceive negatively).

Only#10xResearchanalysts are showing full optimism and even expect a local rally in BTC against the backdrop of Powell's speech.

By the way, the BTC Price Volatility Index continued to decline yesterday and today, despite the reversal formation that we wrote about in recent days. But today's candle is not yet closed, and Powell's speech is getting closer.