This week, the cryptocurrency market is largely watching the U.S. data.
If the CPI on Tuesday exceeds expectations, the Federal Reserve may raise interest rates, and Bitcoin is likely to drop. If the data looks good, it may rise.
Thursday's PPI and unemployment data are also critical; if the economy is too strong, it may not bode well for the cryptocurrency market, while if it's too weak, it could rise.
Powell's speech also needs to be monitored; if he leans dovish, the market will rise, and if hawkish, it will drop. Additionally, news from U.S.-China talks and Trump may trigger short-term volatility, but the overall direction still depends on the Federal Reserve's stance.
Good data + dovish speech = rebound; bad data + hawkish speech = correction. Short-term players need to be ready to exit at any time.
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