Bitunix analyst: Trump pressured Powell to hit the dollar, DXY hit a three-year low, BTC challenged 88,000 dollar pressure level to welcome capital return

On April 22, as Trump attacked Federal Reserve Chairperson Powell as a complete loser in TruthSocial and demanded an immediate interest rate cut or even consideration of removal, the market worried about the damage to the Fed's independence, and the dollar index (DXY) quickly fell below 98, hitting a new low in nearly three years. Under the high risk aversion, spot gold once soared more than $100 to $3,481.34 per ounce, a record high; mainstream cryptocurrencies received a return of funds.
Bitunix analysts suggest that if the political pressure in the United States continues, it may shake the legal structure of the Federal Reserve, triggering global funds to accelerate their search for a safe haven. Bitcoin's short-term key pressure level is $88,000. If it can break through and stand firm, it will open up further upside. In the medium and long term, it is necessary to maintain the support of $70,000, and pay attention to CME interest rate expectations and trade trends to study the future market trend.