Matrixport released today's chart saying, "Bitcoin's current pullback failed to hold the downtrend line, which is different from our previous expectations. The current downside is expected to be limited, but before the Federal Reserve's September interest rate meeting, market sentiment tends to be cautious, and the price may test the $112.000 support again.
The Jackson Hole meeting is expected to be difficult to produce substantive signals, and it is more biased towards academic exchanges, which is difficult to influence the market. The catalyst that the market really pays attention to at present is the FOMC meeting on September 17.
Technically, Bitcoin is hovering in the $112,000 to $117.292 range, providing traders with two strategies: follow the trend when it breaks up, or take a position when the price falls back to around $112,000, whichever happens first. "
Matrixport: Jackson Hole meeting is expected to have little substantive signal, the real catalyst is the September 17 FOMC meeting
2025-08-18 07:26:36
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