This week, the cryptocurrency market faces five key events that will test each link, all of which are linked to capital flows.

**Monday**: The Federal Reserve plans to purchase $6.8 billion in government bonds, signaling liquidity release. Market participants are closely watching whether this move will inject new vitality into the crypto space.

**Tuesday**: U.S. non-farm employment data and unemployment rate are released simultaneously. These two indicators directly reflect the health of the labor market and are important references for the Fed's next policy move. Expectations for interest rate hikes will fluctuate accordingly, impacting risk asset allocation.

**Wednesday**: A period of intensive speeches by FOMC officials, with hawkish and dovish views clashing, which can easily stir market sentiment. Every official statement may change investors' risk preferences.

**Thursday**: The initial jobless claims data is released, serving as a frontline indicator of economic health. If the data worsens, market panic sentiment may intensify.

**Friday**: The Bank of Japan may announce an interest rate hike decision, which is the most significant variable. Once global capital flows change, the crypto market will inevitably face re-pricing.

It is worth noting that the market may have already reacted in advance to some expectations. Blindly chasing gains or cutting losses often leads to losses. The real opportunity lies in rational deployment—those investors who can maintain their resolve amid volatility.

The countdown to ETH upgrade is underway; technical breakthroughs often trigger capital attention. Additionally, tokens related to Elon Musk still remain popular. Small-scale positioning and waiting for opportunities is also a strategy.

The more volatile the market, the more important it is to stay calm and analyze rationally. Which event has the greatest impact on the crypto space? Can ETH break previous highs? These are all worth continuous observation.