⚠️ || Bitcoin on the Brink: Chart Signals 46% Downside Ahead of Powell’s Jackson Hole Speech 📉

Bitcoin is once again standing at a critical crossroads. With Federal Reserve Chairman Jerome Powell set to deliver his highly anticipated Jackson Hole speech, traders and investors across the globe are bracing for what could be one of the biggest shake-ups in BTC’s history. A recent technical chart signal has flashed a warning of potential 46% downside, raising concerns of a major correction before any bullish recovery.

But is this just market noise, or are we truly staring at a potential crypto storm? Let’s break down the signals, the risks, and what comes next.

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🔹 Chart Signal Breakdown – Why 46% Downside Is on the Radar

The technical outlook for Bitcoin has started showing cracks:

Descending Channel Pattern ⚡ – BTC has been trading within a tight bearish channel, with lower highs forming resistance.

RSI Weakness 📉 – Momentum indicators show fading buying strength, signaling the market could be vulnerable to another sell-off.

Volume Divergence 🔍 – Despite minor rallies, trading volume has been declining, a classic precursor to sharp volatility.

Key Fibonacci Support Levels ❌ – If BTC breaks below the golden retracement support, a cascade toward 46% lower could become inevitable.

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🔹 Powell’s Jackson Hole Speech – Why It Matters 🎙️

Every year, Jackson Hole becomes the epicenter of global financial policy. Powell’s words can shift markets, and this time, the stakes are even higher:

Interest Rate Outlook 💰 – If Powell signals higher-for-longer rates, risk assets like Bitcoin could face strong selling pressure.

Liquidity Concerns 🌊 – Tighter monetary policy means less liquidity flowing into speculative assets.

Market Sentiment Switch 🔄 – Traders are hypersensitive to Powell’s tone; even slight hawkish hints could spark panic.

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🔹 Investor Sentiment – Fear Creeping Back 🐻

Crypto Derivatives 🔥 – Options data suggests more traders are hedging against sharp downside risks.

Funding Rates ⚠️ – Futures markets are showing signs of imbalance, with shorts gaining dominance.

Retail Panic 😰 – Social media chatter reveals growing fear of a “black swan” Bitcoin event tied to Powell’s remarks.

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🔹 Key Support & Resistance Levels to Watch 📊

Resistance Zone 🚧: $62,000 – $64,000 remains heavy selling territory.

Immediate Support 🛡️: $58,500 – a breakdown here could accelerate the fall.

Critical Danger Zone ⚠️: $52,000 – below this, the door opens to a potential 46% crash toward $38,000 – $40,000 range.

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🔹 Is This the Beginning of Bitcoin’s Biggest Shake-Up? ❓

While technicals are flashing red, history shows BTC often thrives amid uncertainty. If Powell’s speech surprises dovishly, Bitcoin could invalidate the bearish setup and stage a rally instead. The market is at a make-or-break moment – either BTC plunges into its deepest correction in months or roars back with unexpected strength.

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🎯 Final Takeaway

Bitcoin’s fate may hinge on Powell’s words at Jackson Hole. The chart setup warns of a possible 46% downside, but crypto markets have a history of defying expectations. Traders should prepare for extreme volatility, set clear stop-losses, and watch macroeconomic cues like hawks.

👉 Question remains: Is this Powell’s speech that breaks Bitcoin’s back, or the one that sparks its next bull run?
$BTC $ETH

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