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Today, BTC#btc shows a bullish signal on the long-term cycle, with the current price around $80,900. Just noting it down to see how much the price will be in a few months to a year.
The most closely watched event recently is still the change of the next Federal Reserve Chair; one of the most powerful men in the world is being replaced. Powell's era is ending, and Kevin Warsh is taking over.
The main criticism of Powell's term is that he responded too slowly to the pandemic; whether fast or slow is really a matter of personal judgment, with no standard. I feel Powell is a professional and rigorous economist; some data shows inflation is indeed high, so cutting rates would be inappropriate, and he’s not afraid of power, standing firm—respect! (Last time, under strong public pressure, he symbolically cut by 0.25%, which is understandable, but afterward, he refused to cut again.)
The new appointee, Warsh, raises concerns because he plans to eliminate forward guidance, which means most assets will experience increased volatility. Unclear policies lead to higher suddenness. At least Powell is transparent; he told you what he was going to do months in advance. He took office on May 15, let’s see how the market reacts.
#比特币站稳8万关口 #加密市场回升