On April 21st, due to Trump's criticism of Federal Reserve Chairman Powell as a "major loser" on Truth Social and demanding immediate interest rate cuts and even considering dismissal, market concerns about the Fed's independence arose, causing the US Dollar Index (DXY) to fall below 98, reaching a new three-year low.With heightened risk aversion, spot gold surged over $100 to $3,481.34 per ounce, reaching a historic high; mainstream cryptocurrencies also saw capital inflows.
Bit UNI analysts suggest that if political pressure continues, it may undermine the Federal Reserve's legal framework, triggering global capital to accelerate seeking safe havens. Bitcoin's short-term key pressure point is at $88,000, and if it breaks through and stabilizes, it will open up further upward potential. In the medium to long term, it needs to maintain support at $70,000 and pay attention to CME interest rate expectations and trade trends to assess future market movements.
