Bitcoin and select altcoins are showing signs of recovery, but selling at the top of each price breakout suggests that bears still have control. Traders are awaiting Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole Economic Symposium for potential market impact. Key support and resistance levels to watch for include 4,307 for the S&P 500 Index, the downtrend line for the U.S. Dollar Index, $24,800 and $31,000 for Bitcoin, $1,700 for Ether, $220 for BNB, $0.56 for XRP, $0.28 for Cardano, $0.06 for Dogecoin, $22.30 for Solana, and $4.36 for Polkadot.
– Bitcoin and select altcoins are starting to recover, but selling at the top of each price breakout suggests that bears remain in control.
– Traders are keeping an eye on Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole Economic Symposium for potential market impact.
– Key support and resistance levels to watch include 4,307 for the S&P 500 Index, the downtrend line for the U.S. Dollar Index, $24,800 and $31,000 for Bitcoin, $1,700 for Ether, $220 for BNB, $0.56 for XRP, $0.28 for Cardano, $0.06 for Dogecoin, $22.30 for Solana, and $4.36 for Polkadot.
