The current Bitcoin market is experiencing a fierce struggle dominated by macro political and economic forces, with the price level of $108,000 becoming the focal point of intense competition between bulls and bears.



Recently, Federal Reserve Chairman Powell made unexpectedly dovish remarks at the global central bank annual meeting, which hit the market like a bombshell. He clearly stated that 'the balance of risks is shifting' and emphasized that the downside risks in the labor market are increasing.

At the same time, the developments in the political arena are also noteworthy. There are reports that a certain political figure is attempting to remove Federal Reserve Board member Lisa Cook, an action seen as a serious challenge to the independence of the Federal Reserve, which could trigger a series of chain reactions.

At the macro level, the game between the White House and the Federal Reserve is becoming increasingly intense. The political sector's intervention in the Federal Reserve has reached an unprecedented level, not only attempting to replace the current board members but also intending to place its own economic advisors into the Federal Reserve Board, which is rare in the long history of the Federal Reserve.

Market participants suddenly realized that a radical action aimed at reshaping financial rules is quietly unfolding. Powell's mild remarks at the annual meeting were widely interpreted as the Federal Reserve possibly opening the door to interest rate cuts in September. Traders swiftly raised the expected probability of a rate cut in September to nearly 90%, prompting the Nasdaq and S&P 500 indexes to rise in response.

However, the political sphere still seems dissatisfied with this. Even after Powell released a dovish signal, there are still voices openly criticizing that 'the rate cuts come too late', highlighting the tension between the government and the central bank.

It is worth noting that Powell's policy shift is not without reason. The latest employment data shows that the labor market may continue to face downward pressure for some time to come. These fundamental economic factors are the real driving force behind the Federal Reserve's policy adjustments.

In this complex and ever-changing macro environment, the trends in the Bitcoin market will become even more elusive. Investors need to closely monitor the latest developments in politics and the economy to assess market risks and opportunities from a more comprehensive perspective.
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GamefiEscapeArtistvip
· 08-30 09:37
Dare to gamble with the grocery money again.
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ThreeHornBlastsvip
· 08-28 13:30
What's there to be tangled about? Just do it.
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SelfCustodyIssuesvip
· 08-28 03:53
Powell is playing politics here.
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LiquidityNinjavip
· 08-27 17:50
Is there anyone still complaining that the interest rate cut is too late? Isn't this powerful enough?
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hodl_therapistvip
· 08-27 17:49
Almost 100,000, I'm about to go for it.
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RetailTherapistvip
· 08-27 17:48
In this market, suckers are about to bleed heavily again.
View OriginalReply0
GasGuzzlervip
· 08-27 17:44
It's clearly a big play to Be Played for Suckers, who cares about these gimmicks.
View OriginalReply0
DYORMastervip
· 08-27 17:39
108K is the true value of Bit!
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