Next week is the May Day holiday. Two major events will happen.

(1) The Federal Reserve will hold a monetary policy meeting.

(2) The release of the super-important non-farm data.

The worrying inflation data for three consecutive months shows that the Fed's pace towards the 2% target has stagnated. Whether the cryptocurrency market can reverse the downward trend, the non-farm data on May 3 is more important.

Higher than expected negative news, and we still have to touch 60,000.

Lower than expected positive news, will challenge the previous high.