{"content":"My take on the market's current state is that we're on a knife's edge, waiting for Jerome Powell to speak at Jackson Hole. Bitcoin's drop from its all-time high to the $113,000 range shows how quickly sentiment can turn. The market's fear and greed index plunged, proving that crypto is a sensitive indicator of global risk appetite. In my opinion, the charts look fragile. Analysts are right to point to a major support level around $108,000. A break below that could send us to $100,000 as on-chain data shows short-term holders are already selling at a loss. However, it's not all bearish. While Bitcoin and Ethereum are consolidating, #altcoins like Solana and #Dogecoin are showing notable gains. This suggests a healthy rotation of capital, not a full-blown panic. The market is coiled, and a dovish surprise from Powell could trigger a sharp relief rally. My bottom line: this is a high-stakes moment. We're in a holding pattern, and all eyes are on the Fed. I'm watching that $108,000 level closely as the key to what's next. $BTC | $DOGE | #PowellSpeech ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/21/36f96d269a0548a496b283e907d60ac7.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}