"At 8:30 tonight, US data will be released"

At 8:30 tonight, the US will release the unemployment rate and non-farm payrolls for March. The data is relatively important. The economic data released by the US before is still strong, which gives the Fed the confidence to cut interest rates so quickly. The tone has also changed from dovish to hawkish. The market has adjusted accordingly. In an environment where the halving of the big pie has not yet occurred and interest rate cuts have not occurred, in the short term, the more important data from the US, such as CPI, non-farm data, unemployment rate, etc., can affect the market trend in the short term. This is more driven by emotions rather than fundamentals. April will still be a repeated process, and everyone should be mentally prepared for this.

Fortunately, this month is about to usher in the day of Bitcoin halving. After the halving, the supply is halved, and the demand is still increasing (ETF buy, buy, buy). Bitcoin is unlikely to fall much. The logic of continuing the bull market cycle is very clear (halving + interest rate cut drive). The second half has just begun. After the Fed cuts interest rates, the loose monetary policy will inject a lot of liquidity into the risk market. Greedy funds no longer meet the limit of Bitcoin ceiling growth, and they have fled to other sectors. That is, the traditional mountain zhai season has arrived. If you can hold it, you can often eat meat. According to the interest rate forecast given by the Federal Reserve before, there will be 3 interest rate cuts this year and 25 years of interest rate cuts. As for whether the bull market will last for 25 years, it is not clear. We can only take one step at a time. After all, this round of bull market has progressed a lot ahead of schedule with the support of ETFs.

Written in the end: There is only one way for the bull market to end: to accelerate the peak until the funds can no longer relay, and finally collapse, enter the bear market, and the cycle is round after round.

I am Mingge, follow Mingge (JCT225), and chat together! #BTC