U.S. stock futures are rising before the market opens. On Tuesday, Apple's launch event is positive for tech stocks and also boosts the sluggish BTC, aligning with the expectations set for this week in the morning session, where good news outweighs bad news. This might be the last week of green bars. Let's thank Jobs, thank Cook, thank Apple, and thank Binance together. Looking forward to everyone in the crypto circle having an iPhone 17 on Friday, Binance buy orders 😂

This week: A concentration of multiple macro data releases and major events, especially the Apple launch event and new products are all happening this week, which will drive tech stocks higher and correlate with BTC and the overall rise of cryptocurrencies.

First, the U.S. will announce the New York Fed's 1-year inflation expectations, and the overall data will affect the market's judgment on economic prosperity and global demand.

On Tuesday, pay attention to the initial value of U.S. non-farm employment benchmark changes and the NFIB small business confidence index. If employment data shows revisions, it will directly affect expectations for Federal Reserve policy, and the U.S. dollar and risk assets may experience volatility. On the same day, remarks by European Central Bank officials will also impact the euro's performance. Apple will launch new iPhones and other products, which may present trading opportunities in the tech sector, leading to a rise in cryptocurrencies.

On Wednesday, U.S. PPI and EIA reports will affect commodity prices.

Thursday is the core of this week: the U.S. will release August CPI data, which will directly impact expectations for the Federal Reserve's September interest rate decision, and the market may experience significant volatility. At the same time, the European Central Bank will announce its interest rate decision, and Lagarde will hold a press conference, making the foreign exchange market extremely sensitive. Additionally, the monthly reports from the IEA and OPEC will influence the trends of energy commodities.

On Friday, the UK GDP, manufacturing data, and the initial value of the U.S. Michigan Consumer Confidence Index will be released. Combined with the previous day's CPI, this may set the tone for the U.S. dollar's trend. Also, several officials from the European Central Bank and the Russian Central Bank will speak, which will cause fluctuations in the euro and ruble.

Overall, the data releases this week are highly concentrated, and market volatility may significantly increase. BTC and ETH are currently in a consolidation phase, showing clear signs of short-term rebound, but precautions should be taken against severe fluctuations before and after the CPI release. ETH support at 4250, BTC support at 110000; if the data is favorable, ETH may challenge 4400, BTC 113000; if the data is worse than expected,

Favorable factors: the Apple launch event and new product releases on Tuesday and Friday will drive tech stocks overall higher, correlating with cryptocurrencies. Perhaps this week will be an explosive week for cryptocurrencies, but we need to guard against the CPI on Thursday.

One is anticipating good news, and one is unknown expectations. Therefore, the market direction this week will basically lean towards the favorable side (Apple's launch event on Tuesday), with rebounds expected on Monday and Tuesday, and the data to be awaited on Thursday. If the data isn't too bad, closing above 111350 next Monday on the weekly chart should not be a problem, with Ethereum around 4450.