Bitcoin is now hovering around $62,000, and the market sentiment is a bit cautious as everyone awaits the upcoming US economic data. With the Fed minutes coming up, Bitcoin is also seeing little volatility, with most traders on the sidelines to see how much of an impact these macro data will have on the market.

The Fed unexpectedly cut rates by 0.5% in September, and there will be more important data to be released in the next few days, such as CPI, PPI, and unemployment, which could be key to market movements, especially the GDP and PCE data at the end of the month, which could determine the next big direction.

Bitcoin is currently likely to test the $61,850 support level, with the market fluctuating widely as it awaits the release of these data. Meanwhile, demand for Bitcoin in the US appears to have fallen, with the Coinbase Premium Index showing weaker buyer interest, the lowest in two months.

It is expected that the market could see a new price trend later this week and after the end-of-month data is released. #降息期待 #美国CPI数据 #PPI $BTC #美国经济软着陆？