Politico revealed that Trump officials are considering having Federal Reserve Vice Chairman Jefferson take over as Chairman.

This news has caused a stir; Jefferson is somewhat dovish, and if he takes office, it could accelerate interest rate cuts, seamlessly connecting with today’s CPI data and Trump’s criticism of Powell.

Combined with the Fed's mouthpiece saying that the July CPI will not prevent a rate cut in September, the crypto market is in high spirits, with BTC and ETH soaring together, but we must guard against Trump's lawsuit threats.

I believe this will continue to weaken the dollar, and BTC breaking 120K is just around the corner, so adjust your positions quickly.