This week, the cryptocurrency market will welcome several important events, which are expected to have a significant impact on market trends.

The price of Bitcoin is expected to fluctuate slightly upward in the range of 118,000 to 120,000. Ethereum is also likely to maintain an upward trend in the range of 3,750 to 3,900. Currently, Ethereum is showing strong momentum and may continue to set new highs.

This week's market focus is mainly on the following aspects:

1. US-China Economic and Trade Talks: From July 27 to 30, the US and China will hold economic and trade dialogues in Sweden. It is expected that this meeting will not bring negative impacts.

2. Federal Reserve Interest Rate Decision: At 2 AM on Thursday, the Federal Reserve will announce its interest rate decision, followed by a press conference with Chairman Powell. The market generally expects that the Federal Reserve will not cut interest rates at this meeting, but Powell's speech may bring positive signals. If the Federal Reserve unexpectedly chooses to cut rates, although the possibility is small, it could trigger a significant market rally.

3. Bank of Japan Decision: On Thursday, the Bank of Japan will announce its latest interest rate decision. While it is expected to maintain the current policy, any unexpected rate hike could lead to a significant market drop, and investors should remain vigilant.

4. U.S. Employment Data: On Friday evening, the U.S. will release the July non-farm payroll and unemployment rate data, which is expected to have a slight positive impact on the market.

In addition, there are other economic data this week worth paying attention to, such as the US JOLTs job openings, ADP employment numbers, GDP annualized quarterly rate, and core PCE price index.

Overall, the trend of the cryptocurrency market this week leans towards optimism. However, investors still need to closely monitor important economic data and policy decisions, adjusting their investment strategies flexibly. The pullback before the Federal Reserve's decision announcement may provide entry opportunities for bulls, but at the same time, one should also be cautious of potential risks posed by the Bank of Japan.