Odaily News Rachael Lucas, a crypto analyst at BTC Markets, said, "Bitcoin appears overbought on the daily chart, and prices have begun to pull back after reaching a high of $66,498 last Friday. Momentum has weakened since last week." Lucas pointed out that Ethereum is also facing challenges in regaining momentum. Ethereum lost momentum after breaking through the 50-day simple moving average last week. According to The Block's Ethereum price page, Ethereum has fallen 1.69% in the past 24 hours and is currently trading at $2,626. At the same time, investors are paying attention to two key macroeconomic events this week: Federal Reserve Chairman Powell's speech to the National Association for Business Economics on Monday, and the U.S. non-farm payrolls report released on Friday. Lucas said, "Powell's remarks, especially on inflation and interest rates, often affect the market, and cryptocurrencies are no exception. Any hawkish tone could further exacerbate risk aversion and lead to today's decline." (The Block)