
Phyrex|Aug 06, 2025 19:59
Today's work is easy to write. Although the price of BTC has risen, nothing has actually happened today, which is still something we have been emphasizing in the last two days. The impact of current macro data on the market is lower than the game between Trump and the Federal Reserve. Although some investors are indeed worried about the economic downturn, Trump is there, as if anything is possible, such as Trump said yesterday that it is possible to directly send money to Americans.
This is not to say how powerful Trump is, but that this year's Trump really wants to leave a good reputation in history. The economic recession is not in his expectation. If it really happens, it should be left to Vance or the next one. Today, I talked with Kange @ tktang88 about whether the United States will experience economic recession. Although I think the economic recession will probably occur, it should not be this year, or even Trump may force him to continue his life.
But I can't say what the cost is now. Of course, it's a little early to say the recession. I just want to say that Trump will not use common sense to play cards in order to maintain its "support rate" during its tenure. So unless I really see signs of recession, I'm still looking forward to what Trump can do.
Looking back at the data of Bitcoin, the turnover rate has shown a significant decrease, indicating that investors' emotions have become more stable. Previously, concerns about the economy have gradually subsided. In fact, it is not just BTC, but the US stock market has risen even better today, not only smoothing out yesterday's decline, but also continuing to chase after it. This is also what we have been saying, BTC and the US stock market are highly correlated.
I won't say much about the supporting data. Today's weekly report provides a more detailed explanation. Currently, there is still a strong consensus at the bottom of around $110000, and it hasn't reached the support level yet. Most investors are still quite interested in BTC at this level.
This article is sponsored by Bitget | @ Bitgetzh
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