One of the Online Traders asked a question...

There is a sequence according to which corrections of 18-24% over the last 1.5 years are exhaustive. Perhaps we should not expect a further decline, especially when there has been such a significant pullback to 65k?

I agree, consistency is obvious. BUT, if you receive a salary at the factory regularly once a month, where is the guarantee that it will be paid to you on time and in full in the next period?

What am I talking about?) ANY sequence tends to be broken! This needs to be factored into the calculations.

The rebound was fueled by inflows from the $ Grayscale ETF, as well as Friday's US jobs data, which showed substantially softer-than-expected growth in April. The crowd views the news as a net positive because it increases the likelihood that the Federal Reserve will cut interest rates this year.

A key event to watch comes next week when US consumer prices for April are released (May 15). These statistics will guide financial markets at an accelerated pace🔥