Warsh pushes for “Fed” reform—situation escalates, so be cautious about chasing gains! July 10 BTC and ETH outlook

Warsh has convened Nobel Prize laureates, former central bank governors, former Walmart CEOs, and even top Silicon Valley venture capitalists to form five “reform advance teams.” The goal is clear: to overturn most of the operating rules the Fed has accumulated since the 2008 financial crisis. Warsh has said that his priorities include: reducing the Fed’s scale of intervention in financial markets, weakening forward guidance on policy paths, and re-evaluating the statistical data methods the Fed uses to interpret economic conditions. What signal this latest release sends is not yet known, but it is certain that each reform will bring a special impact to the market—it's unknown what impact the actual implementation will have on the investment market.

The US-Iran situation has escalated, and the Russia-Ukraine situation is also escalating, but crypto prices have not continued to fall. Yesterday saw a period of mild consolidation. The short-position idea for BTC was filled, but ETH has not yet been filled. The previous short position that was left open had to be closed after a stop-loss was triggered to force a take-profit. Currently, the technical picture is still weak: both the highs and the lows are moving down. Although the escalation didn’t lead to me having the coin price accelerate downward,