Bitunix Analyst: Republican Support for Fed Independence Eases Political Pressure, June Rate Cut Expectations Rise, BTC Volatility Watch at Key Levels 86K/83K

BlockBeats News, April 21st: Senator Kennedy expressed support for the Fed's independence, emphasizing that the President has no authority to dismiss Powell in response to Trump's comments about being able to easily remove him from office. This move helps alleviate market concerns about political interference.

According to CME FedWatch, the probability of maintaining the interest rate in May (4.25–4.50%) is 86.8%, with only a 13.2% probability of a rate cut; however, the probability of a rate cut in June has exceeded 75%, indicating that the market is betting on the Fed shifting to a dovish policy in the summer.

Bitunix analysts suggest that the weakening of the U.S. dollar and rate cut expectations are driving safe-haven demand. BTC continues to fluctuate between the 86K resistance and 83K support, with long-term support at 76K. Investors are advised to pay attention to macro data, implement risk management, and seize potential turning points.