📌 Weekend Update - Bitcoin and Ethereum Analysis (Big Data Week Ahead... Major Volatility Incoming!) **Technical Analysis:** Over the weekend, the market essentially moved in a flat line, showing almost no volatility. However, next week is packed with vital economic data releases. Here's the key takeaway: the weekly chart (weekly candlestick) continues to focus on whether we can reclaim the pivotal 90,800 level. This level has been suppressed for three consecutive weeks, with prices consistently being pushed down just before the weekly close. Should the price manage to reclaim this level, there is a chance to challenge the critical 98,000 level (see Chart 1). In the short term, the 89,000 level remains the focus for support. Since next week features numerous data releases, there could be significant spikes in both directions. Therefore, there's no need to overly fixate on short-term movements. The one thing to watch out for is the possibility of a short-term breakdown—if the 89,000 level is breached, it could lead to a bearish flag formation and a retest of the previous low at 85,000. For now, the market remains confined within this range. **News Analysis:** Next week is a crucial "data-heavy" week, featuring key releases like the U.S. Non-Farm Payroll (NFP) and Unemployment Rate on Tuesday, October 16th, at 9:30 PM (UTC+8), as well as the Consumer Price Index (CPI) on Thursday, October 18th, at 9:30 PM (UTC+8). These are critical for both the Federal Reserve (FED) and the market, as they will provide fresh employment data following the resolution of the U.S. government shutdown. The shutdown previously led to a pause in data publication, so next week’s releases are likely to heighten market sensitivity significantly. These data points will also heavily influence expectations for an interest rate cut in January 2024. Additionally, next Friday will feature Japan's interest rate adjustment. Currently, it seems highly likely that Japan will raise interest rates. However, this news is not surprising, given that the market has likely already priced in such expectations over the past few weeks. **Data Analysis:** (Chart 3) Yesterday, 100+ major whales accumulated +3,275 BTC, and today +1,031 BTC, for a weekly total of +12,079 BTC. This activity is moderately high, marking a shift after the sharp sell-off between October 15–22, during which these whales engaged in substantial buying. Following two consecutive weeks of declining accumulation, this week saw a resurgence in buying activity. (Chart 4) Ethereum data and conclusions will be discussed in the next article...