Powell's speech is coming! This week, six major macroeconomic data releases are scheduled, and Bitcoin may face a critical turning point.

Gate News reports that Bitcoin is hovering around $67,400 at the end of March 2026, with a series of important U.S. macroeconomic data about to be released, becoming a key variable in determining market direction. This week, six major indicators, including statements from Federal Reserve Chairman Powell and employment and consumption data, will directly impact interest rate cut expectations, thereby influencing Bitcoin’s trend.

First, Powell will deliver a speech on Monday. The current market is highly sensitive, and any comments regarding inflation, employment, or the monetary policy path could quickly affect risk assets. If he signals a more accommodative stance, it could support a Bitcoin rebound; if he maintains a hawkish position, it may strengthen the dollar and U.S. Treasury yields, suppressing price performance.

On Tuesday, the JOLTS job openings and consumer confidence index will be released, with both data reflecting labor demand and consumer willingness, respectively. If job openings continue to decline and confidence weakens, it will reinforce expectations of economic cooling, thereby increasing market bets on accommodative policies and providing support for Bitcoin.

Wednesday’s ADP employment and retail sales data will further validate economic resilience. A slowdown in job growth or weak consumption may raise concerns about economic downturns while also pushing liquidity expectations higher. Conversely, if the data is strong, it could delay interest rate cut expectations and put pressure on the market.

The non-farm payroll report released on Friday is particularly critical. Due to its coinciding with Good Friday, market liquidity may decrease, amplifying the impact of the data. If employment data continues to be weak, the market may increase bets on interest rate cuts, pushing Bitcoin to test higher ranges; however, if the economy shows clear signs of weakness, it could also lead to simultaneous pressure on risk assets.

Currently, Bitcoin is at the intersection of macro-driven variables and market structure dynamics. In the short term, policy expectations and economic data will become the dominant variables, and prices may fluctuate within key ranges, awaiting direction confirmation.