BTC (Bitcoin) may consolidate due to material difficulties, but depending on the US CPI, there are expectations for a buying advantage | Latest trends and market predictions for Bitcoin (BTC) | Moneyクリ Monex Securities' investment information and media helpful for money.

Market Trends for This Week (August 1 - August 7)

Market Review BTC (Bitcoin): Temporary decline due to worsening U.S. employment, but rate cut expectations provide support.

Bitcoin fell along with U.S. stocks in response to the deterioration of U.S. employment statistics, but the increasing expectations of interest rate cuts provided support for the market.

In the US employment statistics for July announced on August 1, the growth in non-farm payrolls slowed more than expected, and the employment numbers for the past two months were also significantly revised downward. This raised concerns about a sharp deterioration in the labor market, leading to a substantial drop in US stocks. Correspondingly, Bitcoin fell to around $113,000 (approximately 16.61 million yen).

Subsequently, the ISM manufacturing and non-manufacturing indices both showed weakness, which further strengthened expectations for a rate cut in September, leading to a dominant buying trend in Bitcoin. In the meantime, President Trump hinted at additional tariffs on pharmaceuticals and semiconductors, causing a temporary decline. However, dovish comments from Minneapolis Fed President and other Federal Reserve officials followed, and the market remained stable.

## Market forecast for next week (August 8th to 14th)

BTC (Bitcoin) may fluctuate due to material shortages, but if the US CPI is favorable, buying pressure is expected.

Next week, Bitcoin is expected to consolidate with limited significant factors. Depending on the results of key U.S. economic indicators, a bullish reversal may also be anticipated.

Amid rising expectations for a rate cut in September due to the worsening U.S. employment statistics, the U.S. Consumer Price Index (CPI) for July is drawing attention. If the CPI indicates a slowdown, inflation concerns may ease, potentially leading to stronger buying across risk assets. On the other hand, if the data suggests a resurgence of inflation, concerns about stagflation may become more pronounced, which could lead to further declines in Bitcoin.

Moreover, the United States has activated mutual tariff measures, and discrepancies in the agreement have been observed with some countries, including Japan. If tensions with various countries escalate, it is possible that risk-off sentiment may accelerate. If the formal announcement of additional tariffs on pharmaceuticals and semiconductors is stricter than expected, market caution will likely intensify.

Attention is also focused on the earnings report of the major stablecoin company Circle Internet Group [CRCL], which will be its first since going public. In the United States, interest in stablecoins is increasing alongside regulatory developments, so the company's performance may influence market movements.

In the recent price range, the upper limit is BTC=118,000 dollars (about 17.34 million yen) and the lower limit is BTC=112,000 dollars (about 16.46 million yen).