Trump's Week & BTC Analysis
1. Truth Social Recap:
- Fed Chair: Trump nominated Kevin Warsh. Known as a hawk, his selection signals potentially tighter monetary policy despite his pro-crypto past.
- Law & Order: Heavy focus on using federal force (ICE/Border Patrol) against protests in Eugene/Minneapolis.
- Political: Continued aggressive posting on election topics.
2. BTC Analysis:
- Price Action: Bitcoin dipped ~10% this week, losing the $80k support.
- Cause: The market reacted negatively to the Warsh nomination, fearing high interest rates will drain liquidity.
- Outlook: Short-term consolidation around $75k-$78k. Long-term 'Trump Trade' thesis is pausing as macro realities (rates) take center stage.