Matrixport released a chart saying that Federal Reserve Chairperson Powell hinted that interest rate cuts may be possible, coupled with the positive momentum of the US Presidential Election, or create a favorable environment for Bitcoin. Surprisingly, traders appeared cautious ahead of next week's U.S. jobs data, hesitant to increase risk exposure. While recession fears could trigger more monetary stimulus, historical data suggests this is generally positive for Bitcoin, although the next 2-3 weeks will be critical. Key events include the U.S. jobs report, Harris' presidential debate with Trump, and the FOMC's interest rate decision.