🌸 Wind Chime’s Focus for the Week

1. **Monday:** U.S. May ISM Manufacturing PMI. The key is the health of the U.S. manufacturing sector. If the data comes in stronger, it indicates economic resilience and may cool rate-cut expectations, which could be bearish for the crypto market; if the data is weaker, the market may reprice rate-cut expectations.

2. **Wednesday evening at 20:15:** U.S. May ADP Employment. This is an important preview data point ahead of non-farm payrolls. The focus is on private-sector employment. If employment is higher than expected, Bitcoin may face pressure; if it is lower than expected, it could be a short-term positive for risk assets’ rebound.

3. **Thursday early morning at 2:00:** The Federal Reserve releases the Beige Book. The focus is on how the Fed describes the economy, inflation, consumption, and employment. If the wording is hawkish, the crypto market is likely to face pressure; if it shows the economy cooling, the market may continue to price in rate-cut expectations.

4. **Thursday evening at 20:30:** U.S. initial jobless claims for the week ending May 30. This data mainly indicates whether the U.S. labor market continues to cool. If initial jobless claims are higher than expected, it suggests employment pressure is rising, which is broadly favorable for rate-cut expectations; if lower than expected, it suggests employment remains strong and risk assets may face pressure.

5. **Friday evening at 20:30:** U.S. May non-farm payrolls, unemployment rate, and average hourly earnings. **[Important]** This is the most critical data of the week and will directly impact the Fed’s rate-cut expectations. If non-farm payrolls are stronger than expected, the U.S. dollar and U.S. Treasury yields are likely to rebound, which may weigh on the crypto market; if non-farm payrolls are weaker than expected, it may be a short-term positive for a Bitcoin rebound.