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[Next Week's Macro Outlook: Fed Policy Moves and Labor Market Data in Focus] The cryptocurrency market experienced significant sell-offs this week, with Bitcoin facing double-top risks and Ethereum pulling back after hitting a new high last Saturday. Although Ethereum's outlook is slightly better than Bitcoin's, its trend remains influenced by Bitcoin. Next week, the market will focus on Federal Reserve officials' speeches and key economic data: - Wednesday 21:00, St. Louis Fed President Bullard discusses the economy and monetary policy; - Wednesday 22:00, U.S. July job openings and factory orders data; - Thursday 02:00, Federal Reserve releases the Beige Book on economic conditions; - Friday 20:30, U.S. August non-farm payroll report, unemployment rate, and wage data. A weakening labor market could strengthen expectations for a rate cut in September and increase the likelihood of a third 25-basis-point rate cut this year. Powell previously emphasized that inflation risks are tilted to the upside, while employment risks are tilted to the downside.

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