Bitunix analyst: Trump pressures Powell, devastating the dollar, DXY hits a three-year low, BTC challenges the 88,000 USD resistance level as funds return.

robot
Abstract generation in progress

BlockBeats news, on April 22, due to Trump criticizing Federal Reserve Chairman Powell as a "major loser" on Truth Social and demanding an immediate interest rate cut, even considering removal, the market worries about the independence of the Federal Reserve being compromised, and the dollar index (DXY) quickly fell below 98, reaching a nearly three-year low. Amid rising risk aversion, spot gold soared over $100 to $3481.34 per ounce, setting a new historical high; mainstream crypto assets also saw a return of funds.

Bitunix analysts suggest that if political pressure in the U.S. continues, it could shake the legal framework of the Federal Reserve, prompting global funds to accelerate their search for safe havens. The short-term key resistance level for Bitcoin is at $88,000; if it can break through and hold, it will open up further upward space. In the medium to long term, it needs to maintain a stable support at $70,000 and follow the CME interest rate expectations and trade trends to assess future market trends.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)