This week, during the May Day holiday, there are a lot of macro news in the United States that need to be paid attention to:
1. Federal Reserve monetary policy meeting on May 2 (determines the interest rate cap) + Fed speech
2. Non-farm and unemployment rates for April will be announced on May 3
These are very important macroeconomic data, which will affect the price of US stocks, the US dollar and the big cake, so this holiday may not be very friendly to the currency circle. If there is unexpected negative news, the probability of breaking 60,000 again still exists. The recent decline in the yen has actually indicated the emergence of stagflation, so the expectation of interest rate cuts is constantly decreasing, and risk assets will definitely not have a good time during this period
Although US stock futures are still rebounding today, it is very likely to go lower when the market opens in the evening. Moreover, before the uncertainty of the Fed's speech and data release dissipates, there may not be a very good market.
From the on-chain data UTXO, the bull market process is obviously not over yet. In the last two bull markets, the wealth of the old and new coins was transferred alternately before entering the next cycle. This cycle is only halfway through at present.
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