Trump and Powell blame each other, major turmoil in the crypto market and US stocks!

Both Trump and Powell want to throw the blame onto each other. They are both the big shots in their respective territories, neither willing to back down, each hoping the other gets severely criticized by the public and ends up disgraced.

However, they are also afraid of completely ruining the US economy, so right now it's a slap followed by a sweet date. Powell says one moment that it's impossible to cut interest rates in the near term, the market lacks money, and tariffs are making inflation worse; then he hints that if the economy really collapses, the Federal Reserve will still step in to save the day, suggesting that interest rates might be cut as soon as June or July, so everyone shouldn't be too desperate.

Speaking of tariffs, the tariffs between the US and our C country have risen to 245%. It's actually just a numbers game, as trade between the two countries has come to a halt; adding 1000% won't make any difference, it's just a matter of who will back down first. Based on our side's attitude, Trump probably won't see the day he has to lower his head before leaving office. However, now that we have Brother Gang in charge of trade negotiations, it's definitely good news, as negotiations benefit both parties.

Returning to the crypto market, looking at the daily chart, BTC has been showing long upper wicks lately, appearing as bullish candles but actually being bearish. Funds are secretly fleeing. I believe 86400 is the peak for this wave; during the rebound, everyone should quickly reduce their positions or go short. The MACD shows that bullish strength is weakening, and a significant correction will come in the next few days, so don’t rush to go long. The upper pressure is at 85500, and the lower support is around 81500.

The 1-hour level is even more obvious, with volume increasing on the way down and decreasing on the way up. For those looking to operate, you can go short at 85000, set a stop-loss at 86000, and aim for a take-profit around 83500. But don't go long at 83500; wait to consider near 81500.

The US stock market, particularly the Nasdaq, seems like it still needs to decline, and BTC might have a chance to drop below 76000. When that happens, don’t be afraid; boldly position yourself and prepare to start a holding plan. Fluctuations in the crypto market are normal, so don’t get caught up in them; if you do, you won’t make any money. In today’s crypto market, to make money, you have to stay close to the hotspots. Currently, Trump and Solana are the trends, while Conan is Trump's dog and also a meme of the Solana chain. A strong community continues to drive progress, there’s consensus, and currently low market capitalization shows great growth potential! Come join the conversation in the Binance ace KOL group chat, click to join! 进来聊聊天 币安王牌KOL交流群，点击加入！ #鲍威尔发言 $BTC