Foreign media report that a series of U.S. economic data and corporate earnings reports this week will be released in quick succession, potentially increasing volatility in the crypto market. The article notes that markets have already reacted to geopolitical developments following Trump’s cancellation of plans to strike Iran; the focus now shifts to manufacturing, employment, and major corporate results.
This week, focus on manufacturing and employment data.
This week’s market calendar is packed. On Monday, the July ISM Manufacturing PMI will be released; on Tuesday, June JOLTS job openings data will be published; on Wednesday, the July ADP Nonfarm Employment Change will be reported; and on Friday, the July Nonfarm Payrolls report will be released.
The article states that approximately 20% of the S&P 500 constituents will report earnings this week, which could transmit changes in risk appetite to crypto assets.
- Monday: July ISM Manufacturing PMI
- Tuesday: June JOLTS Job Openings data
- Friday: July Non-Farm Payrolls Report
Bitcoin remains above its historical median path.
The article cites analysis indicating that Bitcoin closed July at $62,818, still more than 49% below its October 2025 high. Looking at several key reference levels, the 200-week moving average is around $63,000, the realized price is approximately $52,000, and the monthly RSI stands at 43, remaining below the neutral level of 50.
Analysts believe Bitcoin may be entering a base-building phase. Historically, this process typically lasts one to three months, during which the price may briefly fall below the realized price before forming a more defined bottom.
Another analysis comparing the prior three cycles shows that, if calculated from the peak in October 2025, the historical median path corresponds to a Bitcoin price of approximately $45,347. At current levels, Bitcoin remains about 39% above this benchmark, indicating greater resilience during this correction phase compared to previous cycles—though this does not imply the adjustment has concluded.
XRP and Ethereum are both in key zones.
The article states that XRP needs to hold the $1.06 support and reclaim the $1.16 level to potentially shift its current weak structure. Since reaching a high near $2.40 in January, XRP's multiple rallies have been constrained by the same resistance zone.
Currently, the XRP price is compressed between the 20-day and 50-day moving averages, roughly within the $1.08 to $1.12 range. Analysis suggests that this narrow consolidation is building volatility, but the direction remains unclear.
Ethereum has been trading sideways between $1,860 and $1,955 for several weeks. The article cites views suggesting that this consolidation does not necessarily indicate stability, but rather may be a transitional phase preceding larger volatility. Analysts expect Ethereum to first test the resistance zone of $1,900 to $2,000, followed by an accumulation phase, then retest the $900 to $1,400 range, before potentially initiating a new upward cycle.