Current status of BTC and ETH markets 1. Market performance: BTC has recently rebounded weakly, and the overall market seems to rebound but lacks strength. Although the ETH sector is relatively strong, the increase is limited. 2. Technical analysis: This may indicate that market participants are not confident about the current price level or are waiting for more clear signals. Macroeconomic factors 1. Fed policy: Powell's "hawkish" remarks may have increased market uncertainty. Although other economic indicators such as CPI, unemployment benefit recipients, and PMI show positive results, this has not translated into a positive reaction in the crypto market. 2. Speech by Fed officials: Speeches by several Fed officials this week are not expected to have a significant impact, and the market may pay more attention to the upcoming data. Key economic data 1. Retail sales data: If the retail sales data released on the evening of June 18 is higher than the expected 0.30%, it may be considered bearish; if it is lower than expected, it may be bullish. 2. PMI data: Similarly, the PMI data released on the evening of June 21 may be bearish if it is higher than expected, and may be bullish if it is lower than expected. The correlation between the U.S. stock market and the cryptocurrency market 1. U.S. stock performance: The recent strong rise in U.S. stocks has reached a high level in recent years, which may increase the risk of the crypto market, because the sharp fluctuations in U.S. stocks may affect assets such as BTC. Geopolitical and regulatory risks 1. Geopolitical: The risk of the expansion of the Russian-Ukrainian war may affect market sentiment. 2. Regulatory issues: The bankruptcy and liquidation of Mt. Gox is approaching, which may put pressure on the market.