Today's tasks weren't too hard to tackle. Even though I was running around all day, when I looked back at the data and information, there wasn’t anything particularly significant. Trump’s focus is still on tariffs, geopolitical conflicts, and the Federal Reserve. On Friday, there’s going to be Cook’s interim motion, but Trump’s motive remains to increase his leverage within the Fed. With the September FOMC meeting approaching, I believe Trump is feeling pretty anxious. If there’s no rate cut in September, he’s probably going to be really frustrated. The market also seems to think that it’s unlikely Trump will win his battle with the Fed before Powell steps down. This means Trump’s bets might be delayed at least until May next year, which would be hard for him to accept. In the short term, inflation data and labor market data will still have the biggest influence on the Fed. Looking at Bitcoin’s data, although the turnover rate has started to decline, it’s still relatively high. While market sentiment has begun to improve, purchasing power hasn’t shown a clear increase yet. Investors are still waiting for new information. Based on the current data, it feels like there’s not enough to drive significant changes in BTC’s price. However, the strong performance of U.S. stocks could still provide some support for BTC, preventing it from performing too poorly. From the support data, investors seem to be holding strong at the $111,000 level. Even with the decline in expectations for a September rate cut, this support level has remained intact. As long as there’s no worse news, it shouldn’t be easily broken. This post is sponsored by Bitget ｜ @Bitget_zh