Brothers, the PMI data exceeded expectations last night, causing BTC, which had just rebounded, to fall further.

The U.S. dollar index surged, and U.S. Treasury yields also rose, marking the largest single-day rise this year.

PMI exceeded expectations, providing further evidence for the Federal Reserve to maintain high interest rates to fight inflation.

Originally we all thought that interest rates would be cut in June.

However, the CPI released in mid-March and the PMI released yesterday exceeded expectations.

Based on economic data, Powell stated last week that he was in no rush to cut interest rates.

Therefore, the probability of a rate cut in June is currently less than 50%.

The Fed is in trouble again!

Fortunately, the current data on the chain shows that whales are still hoarding coins.

Tether, the company that issues USDT, bought 8,888 BTC in the first quarter.

The risk of BTC plummeting again is small.

At present, the focus is still on defense, and be careful of Friday's non-agricultural data.

The crux of inflation in the United States lies in the hot labor market.

Non-agricultural data and industrial data are released at 8:30 pm on Friday.

If it still exceeds expectations, there will be another drop.

If it is lower than expected, the currency circle will launch a comprehensive counterattack.

We have also made a lot of money in the bull market, and we have been eating meat from the bottom until now.

At present, we need to lower our expectations, defend more and attack less. We currently recommend a 6-level position.

Brothers with too large contract positions should be cautious and try to reduce leverage.

In trading, living a long life is much more important than temporary gains and losses.

As long as the chips are still there, there are endless opportunities.

I'm afraid that if I leave the poker table after being liquidated, I'll be out of luck.