🏆🏆🏆Date: 2025/04/28, Monday🏆🏆🏆

Hello everyone, I haven't been updating daily because I've been busy with other things during this period, but I'm still very focused on the cryptocurrency market, as you can see from my trading results. I also really don't want to write too much about the current macroeconomic situation because the world is too crazy, and everything is no longer rational. But I decided to come back; I may not update daily, but I will update occasionally like a blog, especially when important events occur. I will use the knowledge and experience of a long-term trader to help everyone digest macroeconomic news and data, filter out the noise, and focus only on the most important news. Those important news that you don't want to miss. Alright, having said that, let's start today's topic.
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Last week's news highlights:
1. Trump's tariff policy is shaking the global economy. The U.S. stock market has rebounded after a sharp decline, but it has not yet emerged from the trough. Tariffs have been suspended for 90 days, but if an agreement is not reached after 90 days, the tariffs may continue to be enforced.
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2. Trump wants Federal Reserve Chairman Powell to cut interest rates, but Powell has publicly stated that he will not. Then Trump threatened to fire him, even though Powell's term does not expire until 2026. Do you know what that means? It means that if Trump successfully fires him before Powell's term ends (which no previous president has ever done), it sends a signal to the market: "I can do whatever I want, this country is mine." Then there would be massive panic in the market, everyone would sell American assets and pull money out of the U.S., possibly investing in gold, which is not surprising since gold prices have already risen significantly last week... A few days later, Trump adopted his typical strategy of "threat first, then negotiate"; he said everyone misunderstood his tweet, and he did not want to fire Powell... Then on Friday, Powell stood up again and stated that he would not be influenced by political pressure, and he would do what is good for the economy, maintaining independence and objectivity in monetary policy decisions.
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My opinion:
If I had been there, I would have stood up and applauded Powell, haha. There are so many crazy things going on in the world, at least one of those in power is sane. Looking at the current US economy, the CPI data (inflation) is still high, and coupled with the impact of Trump's tariffs, US consumers may soon see higher inflation. At the moment, the Fed is right to decide to wait and see, and I think they should even consider raising interest rates if the situation worsens. Cutting interest rates, as Trump hopes, will only exacerbate inflation in the US economy, weaken the dollar, and eventually evolve into stagflation, which no one wants to see. So I'm glad Jerome Powell did something responsible.
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Market aspects:
With the rise in gold prices, BTC has also transitioned from a bear market to a bull market, just like other mainstream coins. Currently, the overall cryptocurrency market is on an upward trend, and I believe BTC is expected to rise again this week. The BTC bull market is about to begin!
Pay close attention to this Friday's non-farm payroll report.
‍#BTC #DOGE