The weekend market was relatively calm, and Trump has been low-key recently, but his core goal remains to push for interest rate cuts. He continues to place close allies in the Federal Reserve and shows goodwill towards Waller. Next week, the CPI data will be released, which may have a short-term impact on the market, but as long as the data is not extremely poor, the game between Trump and the Federal Reserve will not change. Currently, inflation expectations are rising, and tariffs have already increased before full implementation. Powell may not choose to cut rates in September (Powell's lack of support does not mean the Federal Reserve does not support it), but Federal Reserve Governor Bowman has publicly supported three rate cuts, aligning with Trump's expectations.

Regarding BTC, the trading volume significantly decreased over the weekend, and market enthusiasm has waned. Although U.S. stocks and ETH performed strongly, BTC's gains lagged behind. The ETHBTC trading pair saw an increase in volume, but there was no significant large-scale capital flowing from $BTC to $ETH. However, BTC chips at the $117,000 price level continue to accumulate, exceeding 670,000 coins, indicating increased upward resistance. Considering the uncertainty of macro data next week, I may close my current small profitable long position before Tuesday. The support zone remains solid, and there are no systemic risk concerns in the short term.

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