X @Ash Crypto

Market Expectations & Potential Scenarios - The market anticipates a hawkish speech from Powell at the Jackson Hole Summit, leading to market declines [1] - The probability of a September rate cut has decreased to 71% due to these expectations [1] - If Powell hints at a rate cut, a significant short squeeze is expected [1] - If Powell sounds hawkish, the market impact may be limited as it has already been priced in [1] Economic Indicators & Analysis - The unemployment rate has risen to 42%, initial jobless claims are increasing, and jobs data are being revised downwards [1] - Bankruptcies have reached their highest level since 2020 [1] - Inflation remains below 3% [1] Cryptocurrency Market Outlook - BTC and altcoins could rally higher in the coming weeks, regardless of Powell's speech [1]