Bitunix analysts: Trump pressured Powell to hit the U.S. dollar, DXY hit a three-year low, and BTC challenged $88,000 to welcome the return of funds
On April 22, when Trump criticized Federal Reserve Chairman Powell as a major loser in TruthSocial and demanded immediate interest rate cuts or even consideration of removal, the market was worried that the Federal Reserve's independence would be compromised. The US dollar index (DXY) quickly fell below 98, setting a new low in nearly three years. Amid high risk aversion, spot gold once soared more than US$100 to US$3,481.34 per ounce, a record high; mainstream cryptocurrencies received funds back. Bitunix analysts suggest that if U.S. political pressure continues, it may shake the Federal Reserve's legal structure and trigger an accelerated search for safe havens for global funds. The key short-term pressure on Bitcoin is US$88,000. If it can break through and stand firm, it will open up further upside. In the medium and long term, it is necessary to maintain the support of US$70,000 and pay attention to CME interest rate expectations and trade trends to judge the market outlook.
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