When many people thought the cryptocurrency market had calmed down, a shocking news suddenly broke, causing the entire crypto circle to boil over! Is it true that U.S. President Biden intends to pardon the founder SBF, who is in trouble due to the FTX exchange's collapse? Is this news true or false? Billionaire Musk's remarks have further complicated the situation!

On Monday, Musk responded to this rumor on Twitter, stating, 'I would be very surprised if this doesn’t happen.' As soon as this comment came out, the price of the FTT token immediately soared over 20%, as if the entire market was anticipating this potential 'miracle.' However, the increase quickly receded, leaving countless questions and speculations.

So, what is actually going on? Will Biden really grant a 'pardon' to FTX founder SBF as he approaches the end of his term? It is worth noting that Biden has indeed touched upon the topic of exercising pardon powers multiple times recently, and some voices predict that he may pardon Trump's opponents. As an important donor to the Democratic Party, could SBF receive a 'get out of jail free card' in the political maneuvering?

**What would it mean if Biden truly pardons SBF?** This is a focal point of widespread discussion among the market and investors. On one hand, it could be seen as a 'redemption' for the market, helping to alleviate the trust crisis in the cryptocurrency market; on the other hand, there are voices that believe this would be a trampling of laws and rules, especially for those investors who suffered significant losses in the FTX collapse. Whether they can obtain the justice they deserve remains a mystery.

At the same time, the price volatility of the FTT token has added drama to this turmoil. While Bitcoin prices have been weakening, FTT's performance has been particularly outstanding, becoming the highest-gaining cryptocurrency in a single day. Is this a result of market sentiment speculation, or are investors 'betting' on the rumors of Biden's pardon? This has also become a market focus.

However, investors need to remain calm and not blindly follow the crowd. According to technical analysis, the current key support level for FTT is $2.85, with resistance at $3.08. If the price breaks above $3.08, it may rise further to $3.50, but if it falls below $2.85, it could retest $2.60. These price ranges are crucial for short-term trends.

**So, as an investor, will you choose to believe in the rumors of Biden's pardon, or stick to your own investment strategy?** In a market full of uncertainties, every decision could have a profound impact on your future.