Everyone, let's put the candlestick chart aside for now. The drama currently unfolding is more significant than a hundred technical indicators combined. U.S. authorities are pressuring the Federal Reserve Chair to change the direction of interest rate policies—this will directly determine the fate of your Bitcoin, Ethereum, and stablecoins.

Does it sound like a political farce? I tell you, this is definitely not a casual pastime. Having been in the crypto space for ten years, I’ve seen many storms, but this time is truly unusual. Today, I’ll break down the matter plainly and share my honest opinion.

**1. The surface reasons are all smokescreens; the real battle is over interest rates**

First, let’s expose this facade: some accuse the Federal Reserve of "misleading Congress" over a certain project budget issue. This excuse sounds nice—call it "finding trouble." But don’t be fooled by these superficial stories—the real battleground is interest rate policy.

The underlying logic is quite clear: on one hand, high interest rates increase the government’s debt burden, with annual interest payments creating huge fiscal pressure; on the other hand, without adjusting interest rates, it’s difficult to implement policies that "stimulate the economy and produce good data." But the Fed’s stance is firm: interest rate decisions should be based on economic fundamentals and not be swayed by external pressure.

This round of pressure essentially aims to weaken the authority of a key figure, paving the way for subsequent personnel adjustments. It’s also a way to "shake the tree to scare the monkeys" for other decision-makers within the system.

**2. Why should crypto assets care about this controversy?**

It’s simple—interest rates determine the level of global liquidity easing. An easy monetary environment is usually bullish for assets like Bitcoin and Ethereum; a tightening environment is the opposite. The value peg of stablecoins is also closely related to U.S. dollar policy.

No matter who ultimately wins this struggle, what will change is the policy tone for the near future, which will deeply influence the crypto market’s direction. That’s why it’s much more important than watching how many points a moving average shifts.