Powell Will Continue to Stay at the Fed: BTC Impact

Fed Chair Jerome Powell made a striking admission in the press conference held after the interest rate decision. Despite planning to step down from his presidency ending in May, he announced that he will continue as a governor on the central bank's board due to ongoing legal reviews and political tensions. The Fed formalized its decision to keep interest rates steady in the %3,5-3,75 range. Powell expressed his concerns by saying, “These attacks are damaging the institution's reputation and putting at risk the conduct of monetary policy independent of political factors.” After the decision, markets are trying to digest these statements while risky assets remain under pressure.

Powell's Continuation in Office and Political Pressures

Powell’s plans to hand over his duties were disrupted by the Trump administration closing the criminal investigation into Powell. Attorney General Jeanine Pirro stated that the file will remain under review in the Fed's Inspector General's office and could be reopened with new evidence. The latest statements from President Trump and his team suggest that legal pressure on Powell is still ongoing. Powell emphasized that he has lost the chance to leave under these conditions, preferring to stay low-profile but having no other option. For BTC detailed analysis, these uncertainties are critical.

Fed Interest Rate Decision and Hawkish Dissent

As expected, there was no change in the interest rate decision, but the hawkish stance of three board members opposing easing drew attention. The hawkish emphasis in the decision text cooled easing expectations in the markets and curbed risk appetite. 21shares analyst Matt Mena predicts that the three dissenters' opposition to the rate cut guidance surprised the markets, but Kevin Warsh's potential policy shift could pave the way for the CLARITY Act.

BTC Technical Analysis and Support Resistance Levels

Bitcoin (BTC) is currently trading at $76,323.29 (+0.49% 24h). RSI at 56.01 is neutral, trend sideways but Supertrend giving bearish signal. EMA 20: $75,549. Supports: S1 $75,709 (⭐ Strong, %86 score, -0.99% distance); S2 $71,952 (⭐ Strong, %77 score). Resistances: R1 $79,422 (⭐ Strong, +3.87%); R2 $77,561 (+1.44%). BTC futures may test these levels. If momentum recovers, $85.000-$90.000 range is targeted.

Fed Independence Risk in Crypto Markets

These signals indicate that uncertainties regarding the Fed's independence could further impact crypto markets. As figures like Trump, Pirro, and Mena follow developments, H price tracking may also create volatility in related assets.