In the meeting on May 1, the Federal Reserve recently decided to reduce its balance sheet, which means that the Fed will slow down the speed of withdrawing funds from the market. At the same time, the supply of US dollars will increase, leading to a weakening of the US dollar. This is conducive to the increase of market funds and indirectly beneficial to the cryptocurrency circle. At the same time, the US Treasury Department started to repurchase US bonds for the first time in 20 years this month. What impact will it have on the cryptocurrency circle? Repurchasing US bonds->Less US bonds->Under the condition of unchanged supply, the price of a commodity will increase, so the price of US bonds will rise. The bond price is inversely proportional to the interest rate, so the interest rate will fall->Good for the cryptocurrency circle. However, these are all indirect effects. The key is to look at the economic data of cash withdrawal inflation. Pay attention to the two heavy data released at 8:30 tonight: (1) US unemployment rate in April, expected to be 3.80% Higher than expected is positive, lower than expected is negative (2) Non-farm payrolls, expected to be 250,000 (previous value 303,000) Higher than expected is negative, lower than expected is positive