logo

Analyst: Bitcoin May Remain Range-Bound, Market Focuses on Powell's Speech This Friday

By: theblockbeats.news|2025/08/19 06:31:33

BlockBeats News, August 19th, CryptoQuant analyst Axel Adler Jr posted, stating, "The futures market sentiment index has dropped to below the neutral zone at 36%. During the period from August 11th to 14th, this index briefly rose to 70% as the Bitcoin price surged to $123,000. Currently, the Bitcoin price is holding at $115,000, and the sentiment index momentum is decreasing: in the index composition, sellers dominate in the short term (net traders and volume difference are negative), while open interest contracts remain neutral. This indicates that the market has transitioned from a state of euphoric sentiment at the peak to a range-bound phase."


This state implies that when the index is still below 45-50%, a rebound may trigger selling pressure, and the price tends to fluctuate in a narrow range. If the index continues to be lackluster during a weak rebound, it may increase the testing of $112,000. The key this week is Powell's speech at the Jackson Hole summit on Friday (economic outlook and framework review), the content of which may determine the future direction of market sentiment."

Henan Provincial Legal Committee: The Ministry of Public Security is studying the related system of virtual currencies involved in cases, and local legislation is not appropriate.
Tom Lee retweeted his fund's analyst's view: Ethereum could pull back to $4,075-4,150 midweek, and the pullback is considered "healthy."

You may also like

Share
copy

Gainers

Latest Crypto News

01:46

Analysis: Peculiar Divergence in US Economic Data Puts the Federal Reserve in a Policy Quandary

01:16

The 1inch team recently acquired over 26 million 1INCH tokens at an average price of $0.184.

01:16

CEX Net Outflow of 211,000 ETH in the Last 7 Days

01:16

Analysis: Extreme Narrative Predicting the Imminent Burst of the "AI Bubble" Expected to Be Unfounded

01:16

The Fed is about to enter a blackout period, with institutions maintaining their rate cut expectations for December.

Read more
Community
icon
icon
icon
icon
icon
icon
icon
icon

Customer Support@weikecs

Business Cooperation@weikecs

Quant Trading & MM[email protected]

VIP Services[email protected]