$BTC
⚡️ Crypto market is in turmoil again: Powell's "one-man show" and non-agricultural data may set off a storm!
Crypto market focus: Powell's speech and non-agricultural data will lead the trend
🔥 Latest developments on September 30:
BTC overbought signal appears: BTC Markets analyst Rachael Lucas pointed out that Bitcoin has recently shown signs of overbought on the daily chart. The price hit a high of $66,498 and then fell back, and the momentum weakened.
Ethereum is also under pressure: Ethereum lost its upward momentum after breaking through the 50-day simple moving average. The price fell 1.69% in the past 24 hours and is now trading at $2,626.
🔥 Macroeconomic events this week:
Powell's speech: Investors are paying close attention to Federal Reserve Chairman Powell's speech at the National Association of Business Economics on Monday, especially his views on inflation and interest rates, because this often affects market sentiment, and the crypto market is no exception.
Non-farm payrolls: The US non-farm payrolls report to be released on Friday is also seen as a key factor affecting market trends.
Analysts' views:
Lucas warned that if Powell makes hawkish remarks, it may exacerbate market risk aversion and further suppress cryptocurrency prices.
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