How difficult is Powell’s address to be with BTC prices?

As Federal Reserve Chair Jerome Powell’s speech at Jackson Hole approaches, the key question in everyone’s mind is how volatile can be Bitcoin. BTC$113,191.61 Will it become?
The answer points out that it slightly outweighs the average volatility, rather than the extreme shaking suggests by the broad attention of the event.
“The BTC option price Powell’s Jackson Hole speech with a move of approximately ±2.0%,” Pulkit Goyal, trading director at Crypto Market Maker Orbit Markets, told Coindesk. Orbitals specialize in cryptographic options and structured derivatives.
The 2% price swing expected in Powell’s speech suggests slightly higher volatility than the average daily volatility of 1.52%.
Traders measure expected price movements using different strike prices and maturity, implicit volatility and options Greek options pricing.
Implicit instability refers to market expectations of how much the underlying assets are expected to move over a particular time frame.
According to the data source TradingView, Volmex’s Implicit Daily Volatility Index (BVIV1D) rose to 49% per year at the time of writing, the highest since May 26th.
This is equivalent to a 2.5% 24-hour price swing. Volatility means direction-independent. That is, the price swing suggested by the options and the implicit volatility index can be expanded in either direction.
That said, the volatility of the downside appears to be more likely, just in case Powell sounds balanced and hears contrasting broad expectations for rate reduction tips.
Some traders are picking up put options to prepare for such results.
“If his tone is more balanced than Dish, the market can see retrospective, which can drive demand for negative side protection. Skew tells the story.