🚨 Powell's speech and non-farm payrolls are coming this week, are you ready?
Rachael Lucas, a crypto analyst at BTC Markets, found that Bitcoin has recently looked a bit overbought, and the price has begun to decline after reaching a peak of $66,498 last Friday, and the momentum has weakened.
Ethereum is also following closely. After breaking through the 50-day simple moving average last week, it is currently trying to regain upward momentum.
🌐 This week focuses on two major events, the first is the speech of Federal Reserve Chairman Powell, and the second is the release of US non-farm payrolls!
1. Federal Reserve Chairman Powell's speech at the National Association for Business Economics at 01:55 Beijing time on Tuesday;
2. The US non-farm payrolls report released at 20:30 Beijing time on Friday.
🗣️ Lucas reminds us that every speech by Powell, especially the part about inflation and interest rates, may shake the market, and the cryptocurrency market is no exception.
If Powell's tone in this speech is hawkish, it may make investors more inclined to risk aversion, which may lead to a market decline.
💬 Do you think Powell's speech and non-farm payrolls will have an impact on the short-term crypto market? Share your predictions and opinions in the comments section!
