🔥🔥Overview of economic events that may affect BTC price trends this week:
Testimony of Jerome Powell (Tuesday):
Key takeaways: The chairman of the Federal Reserve will deliver his semiannual monetary policy testimony before Congress on Tuesday and Wednesday.
Potential impact: Powell's comments on inflation, interest rate adjustments and overall economic conditions may significantly fluctuate market sentiment, thereby affecting BTC price trends.
Unemployment claims and CPI data released (Thursday):
Key data: The United States is scheduled to release unemployment claims data and consumer price index (CPI) for June on Thursday.
Analytical significance: As a direct indicator of economic health, these data will profoundly affect the market's expectations for the Federal Reserve's future policy path, thereby posing indirect pressure or support on the Bitcoin market.
Focus on global macro events:
Important events: including public speeches by Federal Reserve Vice Chairman Barr and Treasury Secretary Yellen, as well as the successive release of CPI and PPI data from China and the United States.
Potential effects: Such global macroeconomic events may have an indirect and profound impact on the prices of crypto assets such as Bitcoin by shaping market sentiment and adjusting investors' outlook on the global economic outlook.
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