Rumors of the White House considering replacing Federal Reserve Chairman Powell triggered declines in U.S. stocks, the dollar, and long-term U.S. Treasury bonds. After Trump clarified that there are no replacement plans, U.S. stocks surged, showing that the market is sensitive to Federal Reserve policies;
The daily chart of Bitcoin shows a long upper shadow with a small gain, with volatility under 3%; the daily chart of Ethereum shows a large gain, with similar upper and lower shadows, rising nearly 10%, showcasing completely opposite trends. This market is indeed quite strange, and the focus should still be on the breakout situation!
Personal trading suggestions: Aggressive traders should short above 119,300 on a rebound, while conservative traders should short above 120,700, targeting 115,300. If it breaks, continue to look down to 110,000! $BTC
