1. Key Data and Events This Week

- PCE Price Index (Wednesday): Forecast is 2.8, higher than the previous value of 2.7. If the data exceeds expectations, it will weaken the market's expectation for a rate cut in December, negatively impacting risk assets (including BTC).

- Federal Reserve Monetary Policy Meeting Minutes (Early Wednesday): May reveal future monetary policy direction; attention is needed on its impact on market liquidity.

- Thanksgiving Holiday (Thursday, Friday): US markets will be closed, reducing liquidity and potentially leading to increased volatility.

2. Market Hotspots and Sector Opportunities

- AI Sector Tokens: Google's support for AI Agents may bring short-term opportunities for related tokens.

- Unlock Events: 11 projects unlocking $170 million this week; be cautious of the correction risk for tokens like ADA that have recently seen significant gains.

- USDT Market Cap Hits New High: Growth of stablecoins coincides with BTC bull market; attention is needed on changes in USDT circulation as a potential indicator for BTC prices.

- Policy Benefits: Trump's team hints at support for cryptocurrencies; the White House may establish a cryptocurrency advisory committee, which is a long-term benefit for industry development.

3. Market Sentiment and Liquidation Data

- 24-hour liquidation data shows a major liquidation of long positions, indicating a bullish market sentiment, but the psychological barrier at 100K poses significant pressure; short-term caution is needed for correction risks.