The weekend indeed passed so uneventfully. Starting next week, there will be some key data to pay attention to. One is the ADP employment data on Wednesday night, which is essentially the small non-farm payrolls. In the absence of non-farm data, the ADP data becomes quite important. The lower this data is, the more it favors the Federal Reserve's interest rate cuts, but it also indicates poor economic conditions, a typical case of celebrating a funeral.

On Thursday night, we have the Challenger job cuts data. ADP corresponds to employment, while Challenger corresponds to unemployment. The more layoffs there are, the more it favors the Federal Reserve's interest rate cuts, which also indicates poor economic conditions, similarly a case of celebrating a funeral. On Friday night, the September PCE data will be released. To be honest, it’s not very useful; it’s too early. However, if it can decrease, that would be a good thing.

Of course, next week there will also be PMI data, and Powell will attend an event and give a speech, but I don’t think it matters much. PMI is not the focus right now, and the Federal Reserve is in a quiet period, so Powell cannot discuss monetary policy matters.

Looking back at Bitcoin's data, today’s turnover rate surprisingly continued to rise, but the inflow and outflow data from exchanges did not change much. It is very likely an internal adjustment within the exchanges. Moreover, from the structure of URPD, it indeed shows that the price of $90,000 has seen a transfer, while other turnover rates are not high.

Overall, the current chip structure is still quite healthy, and the gathering of investors is very evident. Whether it’s loss-making investors or those making profits around $80,000, there are no significant signs of large-scale exits. Investor sentiment remains quite stable.

The next key event is the Federal Reserve's interest rate meeting in December.

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