《2025.4.22：BTC》

Last night, Trump once again posted to criticize Powell for urging interest rate cuts. The US stock market and the US dollar plummeted, while gold and Bitcoin continued to rise. Bitcoin unexpectedly remained strong, as it seems to be leaning towards its 'safe-haven' properties.

No one is willing to sell gold, but some buyers are hesitant to purchase gold at high prices. The rise in Bitcoin may stem from the overflow of gold's crazy increase.

However, gold, after all, is still just a reserve physical asset, making it difficult to act as a flexible circulating currency. In an environment where the dollar is declining, Bitcoin, which possesses both currency and safe-haven attributes, may be favored.

Overall, Bitcoin has the potential for sublimation, and this consensus is beginning to take root.

On the other hand, the fierce interactions between Trump and Powell are causing divisions within the United States. Trump's approval rating has dropped to a low point, and future policy uncertainty is likely to increase.

Trump is preparing to pressure Powell, but this is no easy task. If the market rise is based on optimistic expectations of Trump's control over interest rate adjustments, that could be completely mistaken.

We are still unclear whether the true driving force behind this round of Bitcoin's rise comes from blind optimism or a sublimated consensus.

From a technical perspective, the 90000~91000 range has significant resistance. Caution is particularly needed at this level, and it will take more time to verify whether it can firmly hold the 88000~86000 range.

It is recommended to take profit or set a stop-loss at the breakeven point for long positions above the 90000 resistance level, as the market appears to be in a range fluctuation between 78000~90000.