According to BlockBeats, on August 11, HTX Research analyst Chloe pointed out that Trump nominated his longtime economic advisor Stephen Moore to serve as a Federal Reserve governor, reinforcing market expectations for future easing policies from the Fed. Moore advocates for rate cuts, contrasting with Powell's cautious approach, driving a recent rebound in risk assets like Bitcoin.
This week, the market is focused on three key data points: July CPI, PPI, and retail sales. If inflation data exceeds expectations, investors may reduce bets on interest rate cuts, leading to a stronger dollar and pressure on the cryptocurrency market; if retail sales are weak, it will support expectations for a rate cut in September, benefiting risk assets to continue rising.
In addition, on the geopolitical front, Trump and Putin will meet in Alaska on August 15 to discuss Ukraine and bilateral relations, which may affect market risk appetite.
Overall, the cryptocurrency market this week may be driven by data, with increased volatility in sentiment. In a scenario of moderate inflation and weak retail sales, Bitcoin is expected to hit $126,000; if inflation heats up, caution is needed for a pullback to the $116,000–$118,000 range.
