Analysis of hot events in the cryptocurrency circle on May 10, 2024

1: The number of people receiving unemployment benefits in the United States last night was expected to be 215,000, but the number announced was 231,000, which was much higher than expected. Powell said before that the unexpected weakness in the labor market may prompt the Fed to cut interest rates. It is good news. $BTC rebounded today, and there will be a big surprise next week! The US CPI is expected to "cool down significantly"

2: Global asset management has come in, so cherish this bull market! A wave of rising trend is brewing, the long and short volumes are gradually shrinking, sideways accumulation, weekly rising wedge, September rate cut expectations, and the probability of subsequent upward changes is very high. Bitcoin can be deployed at a low price for the sector leader below 60,000

3: Nearly $TRB has been rising, and $FRONT has an independent market today. The next hot spot for altcoins is $SSV, $ONDO, and $BOME