Last night, the US announced the unemployment rate for April, which was expected to be 3.8% and the published value was 3.9%… The US non-farm payrolls in April recorded 175,000 people, which was expected to be 243,000 people

The unemployment rate exceeded expectations and the non-farm payrolls data was significantly weaker than expected. The data was a fire. This is a comprehensive weak data. After the data was released, traders moved up the time for the Fed's first interest rate cut from November to September, and believed that there would be two interest rate cuts this year. The sequelae of raising interest rates and maintaining high interest rates are emerging, including an unemployment rate that exceeded expectations and employment that was significantly weaker than expected. These data are conducive to the Fed returning to the track of interest rate cuts.

It is consistent with Mingge’s view a few days ago. The fact that Bitcoin has fallen and copycats have not followed suit is likely to be a stage bottom. Now the data has confirmed this. I think this wave of adjustment is over. The market will soon resume its rise. The only thing left is inflation. If the subsequent inflation data can decline as expected (Mingge believes that the CPI data to be announced next time is likely to decline), then the Fed’s interest rate cut will be smoother. To put it bluntly, in a bull market cycle, if it rises too much, it will always have to pull back. It is nothing more than taking advantage of the negative data to smash it down. When the chips are almost collected, it is time to resume rising. Many people lost confidence in Bitcoin after a month of correction, but they did not know that the previous monthly line had been 7 consecutive positives. It is normal to pull back for one or two months. After all, it cannot rise all the time. #5月市场关键事件 #美联储何时降息？ #美国4月非农就业人口增加不及预期