Expectations of rate cuts rekindled? The number of unemployment benefits in the United States exceeded expectations. How will Bitcoin go?

Just tonight, the United States announced that the number of first-time unemployment claims for the week was 231,000, the highest since the week of August 26, 2023. After the data was released, the US dollar index began to weaken, and the Nasdaq 100 index futures and S&P 500 index futures erased previous losses and rose by 0.02% and 0.03%, respectively.

Logically, the unemployment data exceeded expectations, indicating that the US economic growth slowed down and the possibility of future rate cuts increased further. From the trend of gold, it can be seen that as soon as the data came out, gold rose in the short term, now up 0.77% to $2,326.22 per ounce. Then, Bitcoin was indifferent and ignored the data. Why?

I have two views. First, the specific inflation data of the Federal Reserve in April has not been released, so the data of the number of unemployment benefits alone is not enough to show that the rate cut may really be advanced.

Second, Bitcoin has just experienced a halving, and is now in a volatile market in the same historical stage, which means that there will be a "bearish and bullish" trend.

Therefore, you really don’t need to worry too much about short-term ups and downs. Wait for a big opportunity and then enter the market.

#BTC走势分析 #5月市场关键事件 $BTC

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