Next, we will focus on Thursday and Friday, focusing on the US ADP employment report for August, the number of initial jobless claims this week, and the crucial non-farm payrolls and unemployment rate indicators on Friday.

If the unemployment rate rises again, it will undoubtedly confirm the market's concerns about a hard landing of the US economy, which may trigger a deep correction in global stocks, including the cryptocurrency market.

In short, the expectation of a rate cut is like an arrow on a string, and it has to be fired. Tonight, Dapeng firmly holds a bearish stance, with a target of 55,000.$BTC