Non-farm data is far below expectations, and Bitcoin returns to 63,000
1. Overnight, the US released non-farm data for April, which was far below expectations. The expectation of interest rate cuts was brought forward from December to September. Overnight, $BTC rose from 59k to above 63k US dollars. This position is the resistance level above the downward trend line. It needs a strong breakout of a big positive line to be an effective breakthrough. You can short lightly at this position and stop loss after the breakthrough. Spot can be bottomed out below 60,000 for the second time
2. As of the close at 4:00, the inflow of funds in the US stock Bitcoin ETF on May 3: (Unit: 10,000 US dollars)
IBIT net inflow: 4339.96
EZBC net inflow: -1571
BTCW net inflow: 40.77
BRRR net inflow: 71.57
BTCO net inflow: -1300
BITB net inflow: 485.43
ARKB net inflow: 823.42
FBTC net inflow: 1552.96
GBTC net inflow: 2776.44
3. ChainFeeds founder Pan Zhixiong outlined the "impossible triangle" of new token issuance in 2024, pointing out that it is not feasible to achieve this at the same time:
⚫ Listed on Binance
⚫ Low valuation
⚫ Short unlocking period
This is because almost all projects listed on Binance will have high valuations, but may have short unlocking periods.
Conversely, projects that meet the other two criteria are less likely to be listed on Binance.
