As the new week begins, the cryptocurrency market welcomes positive signals. Recently, the strong performance of emerging tokens like MYX and AVNT seems to have ignited market enthusiasm. Let's pay attention to the major events this week that may impact the market.

This Thursday (09/18), the United States will release the Federal Open Market Committee (FOMC) statement and interest rate decision, along with the unemployment claims data. Market focus has shifted from whether there will be a rate cut in September to concerns about an economic recession. As long as the economy does not fall into recession, a rate cut policy will increase market liquidity, which is beneficial for risk assets.

The price of Bitcoin (BTC) is currently stabilizing above the mid-term support level of $108,000, challenging the multiple resistance levels of $117,000 to $120,000. According to liquidation data, both long and short positions have accumulated significantly, and the price may experience substantial volatility in the short term.

The market's expectation for a 25 basis point interest rate cut in September has been largely established. The CPI and unemployment data released last week alleviated some of the market's concerns about an economic recession, raising the expectation for interest rate cuts in 2025 from twice to three times. As long as the economy remains stable, the rate cut policy will increase market liquidity and be favorable for risk assets.

Sosovalue data shows that the current market fear and greed index is at a neutral level. It is worth noting that the market capitalization inflow of stablecoins is on the rise, and the inflow of funds into Bitcoin ETFs is also increasing, which may be signs of improving market sentiment.

Overall, the cryptocurrency market may be significantly influenced by the Federal Reserve's monetary policy decisions this week. Investors should closely monitor relevant economic data and policy statements, while being wary of potential price fluctuations in the short term.