#数字资产市场动态 New developments in the Federal Reserve Chair nomination have caused a strong market reaction. The initially favored dovish candidate was widely opposed by the Senate due to overly aggressive policy tendencies and complex political ties, ultimately withdrawing from consideration.

This outcome immediately triggered market responses— the US dollar index surged, risk aversion pushed up dollar-weighted assets. Gold prices dropped to recent lows. And all of this is now transmitting into the cryptocurrency market.

Why is this happening? The reasons are straightforward:

First, the expectations for the interest rate cut cycle are being re-priced. If the Fed Chair leans more hawkish, then market expectations for the magnitude and frequency of rate cuts will be lowered. A strengthening dollar means risk assets denominated in dollars—including cryptocurrencies like Bitcoin—will face short-term pressure.

Second, signals of liquidity tightening are becoming clearer. The Senate's stance reflects a potentially more cautious and conservative policy approach, often accompanied by the withdrawal of hot money from high-risk sectors.

Additionally, the Fed's personnel changes are not yet finalized, and the market is still digesting various possibilities. Black swan events could occur at any time.

So the current question is: Will $BTC break through key support levels again? Or is this another good opportunity to buy the dip? The market is looking for answers.