Today's assignment was like a farce. First, the PPI data was better than expected, and the market reaction was good. Then suddenly, the White House announced that Trump was going to dismiss Powell, and even Trump had drafted a dismissal statement. The market responded directly, which should be because some investors thought it was true. However, it should be noted that although the chairman of the Federal Reserve can be dismissed, it has never happened once in the history of the United States. The conditions for the dismissal of the chairman of the Federal Reserve are very strict, but the market still believes that if Trump is so serious about what he said, it is possible that Trump has grasped some of Powell's braids. As a result, when Trump himself was interviewed, he publicly stated that he was very conservative about the dismissal of Powell. Unless Powell committed dereliction of duty in the Federal Reserve Building, he could not be dismissed. He said that the replacement would take place within eight months, which coincided with the expiration of Powell's term of office. He also publicly said that White House senior adviser Hassett would consider being appointed as the chairman of the Federal Reserve. Trump also deliberately explained that the "rumored" report about the dismissal of Powell was untrue. The farce came to an end, and then there was a re vote on the packaged bills that were rejected early Wednesday morning. The first crucial procedural vote was passed, allowing these bills to enter the formal debate and voting process. Next is the final vote and the four key bills will be voted on one by one. After passing the vote, they will be submitted to the Senate for review. It should be noted that the stablecoin bill has already been passed in the Senate. If the House of Representatives does not amend any provisions of the stablecoin bill this time and passes it directly through the Senate, the bill will be sent directly to the President for signature. But if there are any modifications in the House of Representatives, representatives from both houses will coordinate to come up with a unified version, and then both houses will vote separately before it can enter the presidential signing process. If it doesn't pass, we'll have to play again. At present, Trump has issued a document saying that the stable currency bill will be passed tomorrow, and has communicated with all the dissenters today. Additionally, it should be mentioned that the proposal initiated by the WLFI community on whether to enable free trading of WLFI tokens has officially come to an end and has been overwhelmingly approved. Looking back at the data of Bitcoin, we can finally update the URPD data today. I have also reorganized the support positions of URPD, as there are still many variables today. Therefore, I will explain in detail tomorrow. Currently, the latest effective support is between $103500 and $108500, which is currently the most concentrated position of chips. Whether it can fully become support still needs to be observed. In addition, there is a URPD gap between $112000 and $114000, and the probability of this gap being filled is 100%. There has never been a URPD gap that has not been filled in history, and it is unknown when it will be filled. Data address: https://docs. (google.com)/spreadsheets/d/1E9awSVwrVOxKOiaMdYT5YZvfveeFd9ENU-iO6dVcGj0/edit? usp=sharing This article is sponsored by Bitget | @ Bitgetzh