Bitunix analyst: Trump pressures Powell, devastating the dollar, DXY hits a three-year low, BTC challenges the 88,000 USD resistance level as funds return.

BlockBeats news, on April 22, due to Trump criticizing Federal Reserve Chairman Powell as a "major loser" on Truth Social and demanding an immediate interest rate cut, even considering removal, the market worries about the independence of the Federal Reserve being compromised, and the dollar index (DXY) quickly fell below 98, reaching a nearly three-year low. Amid rising risk aversion, spot gold soared over $100 to $3481.34 per ounce, setting a new historical high; mainstream crypto assets also saw a return of funds.

Bitunix analysts suggest that if political pressure in the U.S. continues, it could shake the legal framework of the Federal Reserve, prompting global funds to accelerate their search for safe havens. The short-term key resistance level for Bitcoin is at $88,000; if it can break through and hold, it will open up further upward space. In the medium to long term, it needs to maintain a stable support at $70,000 and follow the CME interest rate expectations and trade trends to assess future market trends.