Bitunix analyst: Republicans support Fed independence to reduce political pressure, expectations of a rate cut in June rise, BTC fluctuates and focuses on the key levels of 86K/83K

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MarsBit
04-21
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Mars Finance News: On April 21, Senator Kennedy expressed support for the Federal Reserve's independence, emphasizing that the president has no right to dismiss Powell in response to Trump's statement that he could "easily remove him". This helps alleviate market concerns about political interference. According to CME FedWatch, the probability of maintaining interest rates (4.25–4.50%) in May is 86.8%, with only a 13.2% chance of rate cuts; however, the probability of rate cuts in June has exceeded 75%, indicating that the market expects the Federal Reserve may turn to a loose policy in the summer. Bitunix analysts suggest that the weakening US dollar and rate cut expectations are driving safe-haven demand, with BTC continuing to oscillate between 86K resistance and 83K support, with long-term support at 76K. Investors are advised to pay attention to macroeconomic data, manage risks, and seize potential turning opportunities.

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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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