Powell Sparks $ 300 million in futures contracts within minutes at Jackson Hole star-news.press/wp

Bitcoin has had one of the most volatile weeks in recent months, which has a sharp swing that kept bulls and bears on the edge of the abyss. The leading cryptocurrency has risen to the highest new level ever near 124,000 dollars, to exceed the level of $ 115,000 within days. The highlight of this rapid reflection is the fragility of momentum in feverish conditions, but it also emphasized the market’s ability to apostasy when macroeconomic catalysts appear.

The turning point came during the speech of the Federal Reserve Chairman Jerome Powell in Jackson Hall, where a major statement sparked an immediate reaction in the market. Powell hinted to a possible shift in the position of politics, indicating that the restrictions can soon be modified. Within a few minutes, the origins of the risk, including bitcoin, increased when liquidity fell to the markets, which caused renewed optimism through the encryption space.

After speaking, Bitcoin regained strength, climbing again over the support area of ​​$ 115,000. This recovery has sparked upward feelings, as traders look forward to the following levels of resistance that can decide the path in the short term. The broader encryption market followed its example, as Altcoins showed a renewed momentum as investors re -customize the capital.

Bitcoin’s future interacts with Jackson Hall’s speech

According to Darkfost analysts, the Federal Reserve Speech Jerome Powell in Jackson Hall was strong. Stimulus For future bitcoin markets. In his statements, Powell stated that “with politics in restrictions, basic expectations and the balance of changing risks may require the control of our position on politics.” This accurate, but influencing the possible relief of the monetary policy of the Federal Reserve Mourning, immediately sparked an increase in optimism across global markets.

The reaction to the encryption was fast and decisive. Within just 15 minutes of Powell’s speech, more than $ 300 million was flooded with fresh liquidity in the Bitco Futures market. This sudden flow of Binance BTC has paid the open interest to about $ 13.3 billion, confirming the sensitivity of the recovery derivative market to macroeconomic signals.

Darkfost pointed out that this increase highlights the force that moves the market for central banking communications, especially in the environment in which liquidity conditions play a specific role in speculation demand. The acute Bitcoin reaction reflected the broader feelings, as traders put themselves because of the possibility of more clarifying critical conditions that would prefer the assets of the higher and alternative return like BTC.

The event also reaffirmed the volatility of the future contracts for Bitcoin, as the shifts in open interest can lead to a rapidly amplifying price movements. In this case, the rise in demand is in line with the main support areas BTC, which enhances the upscale feelings throughout the market.

BTC critical resistance test

The 4 -hour graph for Bitcoin shows a strong volatility after Powell Jackson Hall’s notes, with a sharp freshness of BTC from its lowest level near 112 thousand dollars to 116.5 thousand dollars. This sudden rise highlights how total economy stimuli can lead to liquidity flows within minutes. The apostasy is in line with the restoration of 200 points in the period of 200 points, which is now under the current price and works as short -term support.

Despite the assembly, BTC is still less than its last resistance worth $ 123,217, a level that has been crowned the price twice the course. The medium-term structure still suggests monotheism, with 50-SMA (blue) and 100-SMA (green) about 116 thousand dollars to 117 thousand dollars, creating a decision zone for bulls and bears. The preservation of this area can open the path to re -test another altitude, while failure to retain the risks of a deeper decline towards the region of 112 thousand dollars.

The momentum indicators indicate that buyers are trying to regain control, but price procedures have not yet appeared clean. For bulls, defending $ 115,000 – $ 116,000 is the key to maintaining the upholstery. However, the bears will search for rejection below SMAS to enhance the pressure of the negative side.

Distinctive image from Dall-E, the tradingView graph

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