After the selection of the Fed chairperson is finalized, one thing is basically set in stone — the new leader must take into account Trump's policy direction.

In other words, the "independence" that the Fed has always been proud of may face unprecedented challenges. From the trading perspective, if Trump's proposal for interest rate cuts is truly implemented, cryptocurrencies and risk assets are likely to experience a round of recovery in the short term. Mainstream coins like $BTC and $ETH are often the resilient assets in this wave of market.

But the problem is—this increase driven by external policies is essentially just a mirage. Once the policy signals become unclear and the market begins to question the credibility of the central bank, the potential risks are buried underneath.

Therefore, rather than following the trend of short-term speculation, I am more optimistic about the window in the second half of 2026. By then, the noise of policy disturbances will fade, and the market will calmly return to fundamentals, allowing the true trend to emerge clearly.