Recently, there are reports that if Trump nominates Hassett or Malpass as the Fed chairman, the dollar may face the risk of weakening. These two candidates are considered to lean towards dovish policies and are more likely to support interest rate cuts and an expansion of the money supply. The market has already begun to anticipate that the interest rate cut in September may exceed 25 basis points.

This potential change may bring positive effects to the cryptocurrency market:

Firstly, the weakening of the dollar may lead investors to shift their funds into cryptocurrencies like Bitcoin, which are seen as inflation-resistant assets.

Secondly, interest rate cuts and monetary easing policies may lead to an increase in global liquidity, which typically benefits risk assets, including cryptocurrencies.

Third, market sentiment may react in advance, causing some investors to position themselves early, which could lead to a price increase in the short term.

From a technical analysis perspective, Bitcoin is currently facing a key resistance level. If it can break through this resistance, it may trigger further upward momentum. In the medium to long term, this policy change could become an important factor in triggering the next round of market growth.

It is worth noting that recent events such as the increase in holdings by large Ethereum holders, the active IPOs of cryptocurrency-related companies, and Hong Kong's introduction of new regulations for stablecoins have brought additional attention to the market. These factors combined may have a profound impact on the entire cryptocurrency market.

However, investors still need to be cautious, closely monitor market trends and policy changes, and implement risk management. The high volatility of the cryptocurrency market means that opportunities and risks coexist, making rational analysis and prudent decision-making essential.