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HTX DeepThink: Nomination of Federal Reserve Board Member Sparks Policy Game, Key Data Tests Crypto Market
Summary: According to HTX Research analyst Chloe, the nomination of long-time economic advisor Stephen Moore by Trump as a Federal Reserve Board member has strengthened market expectations for future Fed easing policies. Moore's advocacy for rate cuts, in contrast to Powell's cautious stance, has driven recent rebounds in risk assets such as Bitcoin. This week, the ...
According to HTX Research analyst Chloe, the nomination of long-time economic advisor Stephen Moore by Trump as a Federal Reserve Board member has strengthened market expectations for future Fed easing policies. Moore's advocacy for rate cuts, in contrast to Powell's cautious stance, has driven recent rebounds in risk assets such as Bitcoin.
This week, the market is focused on three key data points: July CPI, PPI, and retail sales. If inflation data exceeds expectations, investors may reduce rate cut bets, leading to a stronger dollar and pressure on the crypto market; if retail sales are weak, it will support expectations for a rate cut in September, benefiting the continued rise of risk assets.
In addition, on the geopolitical front, Trump and Putin will meet in Alaska on August 15 to discuss Ukraine and bilateral relations, which could affect market risk appetite.
Overall, the crypto market this week may be data-driven, with heightened emotional fluctuations. In a scenario of moderate inflation and weak retail sales, Bitcoin is expected to challenge $126,000; if inflation heats up, caution is needed for a pullback to the $116,000–$118,000 range.
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Link: HTX DeepThink: Nomination of Federal Reserve Board Member Sparks Policy Game, Key Data Tests Crypto Market [Copy]
