The Bitcoin market once again suffered from the positive impact of the US macroeconomic policy. After BTC set a new 5-month record of $24241 last Wednesday, the Bitcoin market fell again. Last week, BTC fell another 3%, and by the time of press release, it had fallen to 22810 US dollars.

At first, last week's Federal Reserve meeting decided to raise the benchmark lending rate by 25 percentage points, and Jerome Powell's dove comments pushed up the price, and then there was a major friction resistance on Friday.

According to the latest report of the Bureau of Labor Statistics, the US economic development showed a surprising increase of 517000 new jobs last month, which indicates that the Federal Reserve meeting is likely to maintain low interest rates for a longer time. The US stock index (DXY) then bounced back forcefully, dropping from below 101 to 103 points, which implicated BTC.

Bitcoin and cryptocurrency are coming a week

After announcing many extremely important economic indicators last week, cryptocurrency investors can predict that the week's fair will be very quiet. The most important thing is likely to start tomorrow. On Tuesday, the Federal Reserve Powell will stand in front of everyone again.

Investors will ask Powell whether he will issue a new statement to apply the radical fiscal policy of the Federal Reserve after the strong data of the US human capital market, or repeat his dove remarks at the FOMC conference.

However, the latter one seems unlikely, because the constantly tense employment environment will undoubtedly expand the monetary policy bargaining in the future at the Federal Reserve meeting.

It is inferred that the most critical factor will again be the January consumer price index (CPI), which will be released on February 14. It remains to be seen whether Powell will release a new evaluation early tomorrow.

The focus of the second half of this week is Thursday and the latest release of the total number of initial applications for unemployment benefits in the United States. The announcement will be held at 8:30 in the eastern part of the United States.

In addition to the release of the labor market analysis report on Friday, the initial application for unemployment compensation is called the second largest relevant indicator value to evaluate the employment environment in the United States.

In January, the total number of applications reported has been lower than expected, which is consistent with the labor market data released last Friday. If this development trend persists, the Federal Reserve meeting may have a "higher and longer" reason, which will have a negative impact on the special currency.

If this possibility is exceeded, and more Chinese citizens in the United States apply for unemployment benefits, the report on Friday may be included in the view, because the further decline of DXY, the cryptocurrency hot spot may return to rise.

Finally, the University of Michigan will release "Consumer Expectations and American Consumer Confidence" on Friday (10 a.m. in the eastern part of the United States). In the pre-release on January 13, contrary to the expectations of authoritative experts, consumer confidence in American households rose again, reaching 62.0, far higher than the forecast of 59.5.

If this is confirmed and the final data expected by customers are both proactive, then it may also be proactive for cryptocurrency and BTC.

By the time of press release, BTC had received a rebound of $22650. This level will be very important this week.