The March jobs report puts the Fed on track to raise rates by 25 basis points in May. The labor market is showing signs of cooling, but remains very tight. Bank of America still expects the Fed to keep rates unchanged after the May meeting, which means the final rate will be between 5.0% and 5.25%. The continued slowdown in economic data after January means that the economy will be weak in the second quarter and creates a significant risk of negative growth in the current quarter. By the June meeting, the Fed will have a lot of data on the second quarter, which should justify a pause in rate hikes.

Important news overview:

1. The number of non-farm payrolls in the United States increased by 236,000 in March, the smallest increase since December 2020:

2. The Mt.Gox repayment window has opened, but repayment will still take some time;

3Binance: Provided support for the U.S. Department of Justice to confiscate virtual currencies related to crypto investment fraud:

4. Venture capital firm OP Crypto has raised $28 million in funding;

5. Thailand Prime Minister Contender: If successful, 10,000 Thai baht of digital currency will be distributed to citizens aged 16 and above:

6. South Korean prosecutors: Do Kwon’s assets are not in South Korea:

7. Sentiment: User asset return plan will be announced soon:

8. Federal Reserve interest rate swaps show that the probability of the Fed raising interest rates in May is more than two-thirds.

BTC：

Today is Saturday and the market is quiet. It is expected that the market will fluctuate in a narrow range again today. It is very likely to fluctuate until the CPI data is released on the 12th. The fan token has emerged in the past two days, which has a lot to do with the Champions League. It is not recommended to chase high. In the recent Hong Kong conference, you can pay appropriate attention to the Hong Kong concept and domestic currency sectors.

eth:

Ethereum is linked to the broader market and is slightly stronger than the broader market. It is expected to continue to adjust in the short term. Ethereum’s mid-term trend is very good and it is recommended to hold on to it.

link：

Link is relatively weak and is mainly range-bound. There is no opportunity in the short term, so be more patient.

ltc：

Wright will not come down if he goes up. It depends on when he can break through the upper pin range. Only after the breakthrough can he become strong again. Currently, it is in the stage of digesting the selling pressure from above.

Platform Coin:

BGB is launching a new IEO, which is good for BGB. BGB should be strong in the near future.

Wealth code:

bico: There will be a major announcement next week, and the trend is also very good, so you can ambush with small funds.

ach: Hong Kong concept, stop loss set at 0.036.

The above analysis is for reference only and does not constitute investment advice!