Edward Moya<\/strong> pointed to a fall in jobless claims and a slight revision higher with both headline GDP and personal consumption data to say it was a \u201cperfect appetizer\u201d for Friday\u2019s hawkish Powell speech.<\/p>\n\u201cThe Fed is ready to be locked in tightening mode until inflation eases and the latest inflation pretty much confirms that won\u2019t happen until next year. The labor market is still too strong and that will continue to feed into rising wages and drive home the point that the Fed can remain aggressive with raising rates.\u201d<\/p>\n
\u201cBitcoin is consolidating ahead of Jackson Hole but still remains comfortably above the $20,000 level.\u00a0 The correlation with Bitcoin and equities is not holding up today, but that is mainly because the move higher in equities is a story about Chinese ADRs and not a broader move for tech stocks,\u201d wrote the analyst, in a note seen by Benzinga.<\/p>\n
Micha\u00ebl van de Poppe<\/strong> said Bitcoin is \u201cboring\u201d currently but tomorrow it can \u201cresult in fake-outs.\u201d The cryptocurrency trader said the apex coin was testing $21,800 and that it would lead to its acceleration to $23,200. The $21,000 level is crucial for the coin.<\/p>\n