Hello Guys !!

While studying impact of major macroeconomic events, I noticed an interesting pattern regarding “changes in Fed Chair”:
1. Janet Yellen took office on February 3, 2014
$BTC reacted with a decline over the following period - from inauguration to market bottom it took 345 days, with a total drop of ~81%
2. Jerome Powell assumed office on February 5, 2018BTC initially reacted with a rally (around +70%), but later reversed and started declining. From his appointment to market bottom, it took 313 days, with a total drop of ~54%
3. Powell’s second term began after his reappointment on May 23, 2022BTC responded with a decline, from the reappointment to the market bottom it took 182 days, with a total drop of ~48%
4. Kevin Warsh (expected to succeed Powell) - Powell’s term officially ends on May 15 and the new chair is expected to take over immediately. In theory, market could react right from May 15

🧐Here is my analysis as well :
HTF context still bearish, working a range. Price stuck in manipulation phase.
Fed chair transition could also push price into same manipulation zone, interesting from a TA standpointHistory over last 12 years is clear -> same outcome every time: SHORT So I merge past data with current chart and it still points to what I expected months ago: continued downside pressure !!! 🚨🚨🚨