Global markets and cryptocurrencies are watching Federal Reserve Chairman Kevin Warsh’s speech in Jackson Hole for clues on monetary policy. A hawkish tone could pressure Bitcoin and altcoins, while dovish comments could support prices. Bitcoin was just below $80,000 before the speech. Chinese crypto whale and analyst Garrett Jin expects Bitcoin to consolidate for several weeks as it confronts selling pressure between $80,000 and $82,500. He said a sideways market between $72,500 and $84,000, accompanied by lower leverage and volatility, would be healthy. A stable daily close above $82,500 could indicate that selling pressure has been absorbed, while $76,600 is a key downside level near the average cost basis of short-term Bitcoin investors. Jin said a daily close below that level would not alone confirm a bearish trend, but warned that caution would increase if ETF inflows, the Coinbase premium and the seven-day average net profit/loss also weakened. Lookonchain data shows Jin opened a 600-BTC long position on August 26 at about $79,000. The position was worth approximately $47.4 million, taking his total long position to 1,868 BTC at an average entry price of approximately $77,090. Jin also expects Ethereum to consolidate and said investors could begin accumulating ETH during that period before staking the assets. The comments are not investment advice.