Recent actions by the Federal Reserve have attracted widespread market attention. The Fed Chair Powell's team proactively deploying legal teams and strengthening policy independence are essentially signals of saying no to political interference. This means that future easing policies will be less likely to be hijacked by political factors, and policy decisions will rely more on economic data itself.

From the perspective of market operation logic, this shift brings several important changes. The high interest rate cycle may be extended, the pace of rate cuts will slow down, and the balance sheet reduction cycle will also lengthen. For traders, this changes the previous habit of "waiting for news"—now they should pay more attention to hard data like CPI.

The impact on crypto assets is twofold. In the long term, it is positive because the strengthening of central bank independence heightens concerns about fiat currencies, and the narrative of Bitcoin as a non-political asset will be further reinforced. However, in the short term, there may be pressure, as tightening liquidity makes risk assets more vulnerable. Simply put, don't rush to chase the highs; prices driven down by panic selling might actually present entry opportunities. The real test still lies in the upcoming congressional hearings.