If the decline the day before yesterday was due to Israel, then the decline yesterday should be due to the macroeconomic situation in the United States. Three macroeconomic data were released yesterday.

1. Unemployment: lower than expected, negative

2. Initial GDP annualized quarterly rate: expected 2.4%, actual 1.6%, lower than expected, so it is a positive

3. PCE in the first quarter: expected 3.4%, announced 3.70, negative

Inflation is still high, so the negative is relatively large. The core PCE for March was released today, which is also a data worth paying attention to. After all, our big cake is still highly related to the US stock market. As for the decline of big cake and US stocks, as long as the expectation of interest rate cut weakens, it will definitely fall, because this rise has already priced in the expectation of a possible interest rate cut in June

ETF has had net outflows for two consecutive days. On April 24, the net outflow was 1,878, mainly from Grayscale. It is worth noting that yesterday, on April 25, Fidelity's FBTC began to have net outflows for the first time in three months, and the outflows were not small. Dragon II has already begun to flow out. I wonder if the big boss BlackRock will also have net outflows in a few days? Let's wait and see

RENZO is ready to be listed on Binance, and is currently in the mining stage. However, due to the problem of airdrop allocation, it was severely criticized by users, and the liquidity of ezETH was temporarily decoupled. Now there is still a small discount. The renzo project team really didn't play well this time and ignored the power of users. If the sponsors don't serve you well, they will send you to the west at any time.

Rune seems to have a hot $DOG, which is a dog again. Cats and dogs are easy to remember, easy to recognize, and easy to pull. It is still very important to name the currency circle. The easier the name is to remember, the better it is.

On April 26, Binance Megadrop was officially launched on BounceBit at 8:00 today. Users can apply for BNB regular products on the Binance Megadrop platform and complete tasks in the Binance Web3 wallet to get BounceBit airdrop rewards. This hair can be taken, I guess no one has at least 80U guaranteed. The extra ones are all surprises

Today, more than 9 billion US dollars of options have been delivered. With one monthly delivery, April will be over soon. But don't expect too much. Looking back 4 years, May is usually not a particularly good month

Market Interpretation

After a decline last night, I think the short-term decline should be temporarily over. From the 6H level we mentioned before, the right support should be here at 63,000, so I think we should not be too bearish today, but I see that there are still many bears. It is really not very good to see the enlarged level. The golden cross on the daily line has not been formed. Today's PCE index is still very important. It will affect the trend of US stocks and Bitcoin, so we still have to see the situation tonight.

Two cakes continue to work together

For copycats, MEME is still a strong sector. The famous value project investor a16z is so angry that no one will take over. Everyone is copying MEME. This is really an atypical bull market

Today's panic greed index: 60 (neutral)

If you are confused at the moment, don't know what coin to buy, and can't understand the market, welcome to join the village and follow May to operate #Meme币你看好哪一个？ #BOME #DOGEUSDT $SOL $PEPE