BRN analyst: The financial market is waiting for Powell's speech, and the volatility of BTC may rise in the next few days.

BlockBeats news, on August 19th, according to The Block, BRN analyst Valentin Fournier said, 'With the market waiting for further announcements from the Fed at the Jackson Hole Symposium, as well as the release of macroeconomic indicators, the volatility of BTC may rise in the next few days or weeks.' Fournier mentioned that the open positions of BTC futures contracts increased before the Jackson Hole meeting. He added, 'The increase in open positions may be related to investors' expectations of potential profits if the announcement is positive.' According to Fournier, the broader financial markets are cautiously awaiting Powell's speech on Friday at Jackson Hole for clues about the Fed's possible decisions at next month's policy meeting. He added, 'Powell's speech may announce the Fed's first rate cut, and we still believe that the (BTC) price will pump to $65,000 and $67,000 before experiencing a new decline.'