Next week’s macro outlook: Trump and the Federal Reserve’s “Game of Thrones” intensifies, and expectations of a 25 basis point rate cut are rekindled

This week, the cryptocurrency market faced a considerable decline, particularly impacting Bitcoin and Ethereum. Analysts noted Bitcoin’s risk of forming a double top, whereas Ethereum’s trajectory remains reliant on Bitcoin’s movements.

Next week features significant economic indicators, including speeches from key Federal Reserve members. A sluggish labor market could revive expectations for a September interest rate reduction, including a potential third cut of 25 basis points this year.