The change of the Federal Reserve Chairman is always a barometer of economic policy, and this time it is particularly sensitive. President Trump has long criticized Powell for not being aggressive enough in interest rate policy, believing that the central bank should cut rates more significantly to stimulate economic growth, market vitality, and job opportunities. This dissatisfaction has run throughout his entire presidency and has been repeatedly expressed in public. As Powell's term nears its end, the Federal Reserve is at a delicate juncture: inflation has retreated from its peak, but signs of weakness are emerging in the labor market.
If the new chairman cannot maintain the independence of the central bank, the credibility of monetary policy will be undermined. The White House has made it clear that it hopes the successor will be more receptive to the president's opinions, which has caused widespread unease.
Recently, Bitcoin has been fluctuating around the 84500-90000 range. To be honest, this fluctuation range is still quite large; this volatility represents both risk and opportunity. For those who are against the trend, it can be quite painful, but for those who are following the trend, it can be very rewarding. During this period, Jiang Wei's trading has seen a significant explosion, with almost all winning trades.
On the daily chart, the price is currently maintaining a range in the lower middle track. The current price is under pressure at the middle track position and has not broken through and stabilized above it. It can be seen that for the price to rise better, there may be a pullback to build momentum, and at that time, the drop will be an opportunity to enter bullish positions.
You can consider looking bullish in batches in the 86200-86500 range. The target is around 89000, and the points are for entertainment reference only.
Follow the public account, "How to Relieve Worries," only Jiang Wei can help, a treasure analysis blogger with high emotional value, sharing trading education for free, bringing stability and clear guidance in the restless trading market, traversing three cycles of bull and bear markets and years of practical trading experience, specializing in naked K, trends, Dow Theory, Gann, harmonics, Chan Theory, Elliott Wave Theory, and other technical analysis, gathering into unique personal insights.
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