10.5 Accurate Market Analysis:

Hello everyone!

The non-farm payrolls data released last night was higher than expected, and the unemployment rate unexpectedly dropped. This was originally bearish for the cryptocurrency market. However, BTC rebounded due to the following three factors: (1) The economy looked strong and not in recession, which led to a sharp rise in US stocks, which in turn led to BTC. (2) BTC was oversold and the price was right, so large orders were bought and rebounded. (3) The conflict between Israel and Iran came to a brief end. According to on-chain data, (1) Stablecoins continued to flow into exchanges for bargain hunting. (2) BTC flowed out of exchanges. So yesterday, I told everyone in the VIP group not to worry and look for a rebound. Although last night's non-farm payrolls data poured cold water on the Fed's large-scale interest rate cut, there will be two more 25 basis point interest rate cuts this year. The following three reasons determine the bullish trend. 1. We are in a rate cut cycle/the timing before global quantitative easing. 2. The current cost of BTC holders is high and the profit is not much. 3. Cryptocurrencies are supported by governments including the United States and Japan. After the conflict between Israel and Iran is resolved, BTC will still fluctuate upward.