QCP Capital analysis indicates that the weakening of the US dollar has driven short-term gains in gold, silver, and Bitcoin, but BTC faced resistance near $92,000 and pulled back, continuing its existing sideways pattern. The news that Federal Reserve Chair Powell was subpoenaed by the Department of Justice was interpreted by the market as a "retaliatory action" against the Fed's monetary policy stance, raising concerns about the independence of the central bank. Derivatives data shows that bullish sentiment has been delayed rather than reinforced, and selling pressure in the US session along with supply uncertainties still limit the upside. Amid rising macro volatility, funds are more inclined toward precious metals and US stocks, with the market focusing on this week's US CPI, PPI, and the Supreme Court's tariff ruling.
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QCP Capital analysis indicates that the weakening of the US dollar has driven short-term gains in gold, silver, and Bitcoin, but BTC faced resistance near $92,000 and pulled back, continuing its existing sideways pattern. The news that Federal Reserve Chair Powell was subpoenaed by the Department of Justice was interpreted by the market as a "retaliatory action" against the Fed's monetary policy stance, raising concerns about the independence of the central bank. Derivatives data shows that bullish sentiment has been delayed rather than reinforced, and selling pressure in the US session along with supply uncertainties still limit the upside. Amid rising macro volatility, funds are more inclined toward precious metals and US stocks, with the market focusing on this week's US CPI, PPI, and the Supreme Court's tariff ruling.