Odaily Planet Daily News QCP Capital wrote: "Yesterday's Fed meeting minutes revealed a more hawkish stance, which cast doubt on the Fed's victory in fighting inflation. Combined with last Friday's strong employment data, the market raised expectations for a 25 basis point rate cut in November from 67.9% last week to 83.7%. Tonight's Consumer Price Index (CPI) and tomorrow's Producer Price Index (PPI) data will be key risk events this week. Coupled with the earnings reports of major banks (such as JPMorgan Chase JPM, Wells Fargo WFC), these data are crucial to assessing the strength of the US economy against the backdrop of cooling inflation. Although U.S. stock indexes rose last night and the S&P 500 hit a new high, the cryptocurrency market did not show the same optimism, and selling pressure re-emerged, possibly due to the news of the Silk Road Bitcoin sell-off and PlusToken Ethereum sell-off. As long as 60,000 With this key support level intact, we remain optimistic for an ‘Uptober’ rally. With markets pricing in more rate cuts ahead, we prefer to lock in gains at these depressed spot levels and position for an uptick into year end.”