Trading Insights

Bitcoin

Bitcoin Rebounds Amid Corrective Phase, Eyes Jackson Hole


Bitcoin slipped from its recent $124,000 high, pressured by whale selling and macro uncertainty ahead of Fed Chair Powell’s Jackson Hole speech. Support at $112,560 has held so far; a break could see further downside toward $107,000. Market sentiment will hinge on Powell’s guidance for September rate cuts.
Key Levels: Support at $112,560 / $107,240 | Resistance at $115,195 / $117,394