Followin message, on June 27, Powell completed the congressional hearing but was criticized by President Trump as a "stupid politician" and hinted at nominating a new Federal Reserve chairman in advance. The market interpreted this as "monetary policy will be more loose", with CME data showing that the expectation of three rate cuts this year has soared to 60%. Short-term US Treasury yields declined, the US dollar hit a three-year low, and crypto assets strengthened. The market is worried about the Federal Reserve's independence, and if the "shadow chairman" interferes with decisions, it may weaken transparency and credibility, and intensify market volatility.

Bitunix analysts suggest: Short-term funds are flowing into crypto assets for hedging, and BTC prices have rebounded, but facing political uncertainty and potential personnel changes at the Federal Reserve, volatility is likely to continue to expand. It is recommended to focus on the support level of $102,500 and resistance level of $110,500 in the short term, consider taking profits at high points, set strict stop-loss orders, and wait for further clarification of policy statements and nomination messages in July.