Bitunix analyst: The Fed is hawkish again, Trump's tariffs hit inflation and employment, BTC is under pressure of 86.5-88K in the short term

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On April 17th, at the Chicago Economic Club speech, Federal Reserve Chairman Powell warned that the Trump administration's high tariffs could potentially drive up inflation and drag down economic growth, forcing the Fed to face a difficult "gatekeeper-like" choice between curbing prices and maintaining employment.

Bitunix analysts suggest that Powell's hawkish warning has led the market to re-evaluate interest rate cut expectations, putting short-term pressure on various risk assets. BTC must break through the key resistance level of $86.5-88K to avoid opening an upward pattern. Investors should strictly implement risk control strategies and pay close attention to macroeconomic policies and market sentiment changes

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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