This week's three highlights in the crypto market: macro data, policy signals, and the Bull vs Bear Battle on the technical front.

Following last week's significant decline, the Asian crypto market experienced a rare uptick on Monday morning, but the market generally believes that this recovery may be short-lived.

The direction of the crypto market this week will depend on three key factors: whether the US employment data can continue its cooling trend, whether the Federal Reserve officials' speeches will release clearer signals for interest rate cuts, and the results of the Bull vs Bear Battle at key technical levels.

This week's market focus undoubtedly falls on the labor market employment report set to be released on Friday. This data is known as the "Fed's barometer," and its results will directly impact monetary policy expectations.

If the employment market shows signs of cooling, it may strengthen expectations for interest rate cuts, injecting optimistic sentiment into the crypto market. Conversely, if the data is strong, it may delay the timeline for easing policies, putting pressure on risk assets.

In addition, several Federal Reserve officials will speak consecutively this week, and the market is closely monitoring the policy signals revealed in their speeches to assess the direction of future interest rate paths. Any statements leaning towards a "dovish" stance could become a market catalyst, while a "hawkish" position may dampen investor enthusiasm.

From a technical perspective, Bitcoin is facing a critical test. Analysts point out that whether Bitcoin can hold the current support and break through the 50-day moving average resistance is crucial. If it can successfully break through this technical threshold, it may trigger a new wave of buying interest; conversely, if it loses key support, it may lead to further pullbacks.

According to a post from the Kobeissi Letter, the JOLTS job openings and central bank consumer confidence data to be released on Tuesday, ADP employment data and ISM manufacturing PMI on Wednesday, as well as the initial jobless claims on Thursday will provide the market with a continuous stream of trading clues. These data will collectively paint a panorama of the U.S. economy and will influence market expectations for the Federal Reserve's interest rate meetings in October and December.

In summary, it is advised that investors remain cautious this week, focusing on market reactions following the release of economic data. Meanwhile, maintaining a moderate position and closely tracking policy developments will be key to responding to market changes in an increasingly volatile environment.

#比特币 Federal Reserve