The unemployment rate data released tonight is bearish. Shortly before Powell's speech, Trump called out, saying now is the best time for the Federal Reserve to cut interest rates, effectively pressuring Powell politically.
However, in Powell's recent speech, he ignored Trump, emphasizing weak economic growth, rising inflation, and maintaining the decision for two interest rate cuts this year.
U.S. stocks plummeted again!
Combined with the impact of tariffs, there is currently no fundamental support for BTC to reverse!
