The May Day holiday will begin tomorrow. With the arrival of May, the market is also facing the closing of the monthly line. At the beginning of May, various data days will arrive:
1. Federal Reserve monetary policy meeting on May 2 (deciding the interest rate ceiling) + Fed speech
2. Non-agricultural and unemployment rates for April will be announced on May 3
These are all very important macroeconomic data, which will affect the price of US stocks, the US dollar and the big cake. If there is an unexpected negative, as long as it does not break 60,000, it will be regarded as a positive. Including Sun Ge’s voice, he is not optimistic about the Ethereum spot ETF being approved and listed in May, so it is obvious that the purpose of his recent large-scale purchases is not for the approval in May. In fact, we should look at and analyze this issue from two aspects. First of all, the ETH bought by these big guys for personal behavior is definitely optimistic about the future market value. There is no doubt that. Secondly, these big guys will not hold it for a long time, because they are bullish on the future market and do not care about the current losses or profits, so they will use them to realize them, instead of buying like us retail investors and waiting for the rise to make money. Secondly, Ethereum’s latest upgrade Prague is about to start. It is said to be a technical type of innovation, which is worth looking forward to. So if we want to participate in the current trend, it is a downward trend. Buying is to build a position on the left side, which has certain risks and floating losses. If you can accept it, you can buy it. On the contrary, wait for the trend to stabilize and break through before moving!
