[Intensive Macro Events May Affect Easing Expectations, Bitcoin Leverage Decline Supports Rebound] HTX Research analyst Chloe pointed out in the HTX DeepThink column that this week is packed with macro events, including speeches by Federal Reserve officials, the release of the Beige Book, and U.S. September PPI and retail sales data. These key indicators may influence market expectations regarding the pace of easing for the remainder of the year. According to FedWatch data, the market is still betting on 1–2 rate cuts within the year, putting short-term pressure on the U.S. dollar and potentially leading to a flexible release in the valuation of risk assets. In the crypto market, Bitcoin's leverage ratio has significantly declined from its monthly high, with the market entering a "healthy deleveraging" phase. Risk exposure has decreased, accumulating momentum for a subsequent rebound. It is expected that in the next 1–2 weeks, Bitcoin's price will fluctuate within the $108,000 to $118,000 range, gradually building a new price platform.