Today, multiple major events in the United States will directly impact the BTC/ETH trend: 01:40 Bowman speaks, 02:00 Federal Reserve Beige Book, 20:30 Initial Jobless Claims and Philadelphia Fed Manufacturing Index, combined with speeches from several Federal Reserve officials including Williams and Milan.

If the Beige Book leans hawkish and the initial jobless claims data exceeds expectations, it will reinforce the market’s expectation of delayed rate cuts by the Federal Reserve, which is bearish for cryptocurrencies, and BTC/ETH may face downward pressure; if the data is weak and officials signal dovishness, it will boost market risk sentiment and push BTC/ETH higher.

Currently, BTC/ETH is oscillating at high levels, and evening data will serve as catalysts for direction. Attention should be paid to marginal changes in data and speeches, and be alert to sharp fluctuations after data release, with strict control over positions.