Expectations of rate cuts are rekindled, but the trend of Bitcoin is still unclear
The number of first-time unemployment claims in the United States hit a new high that week, which far exceeded market expectations. In theory, it should trigger market concerns about the slowdown in US economic growth, thereby increasing the possibility of future rate cuts. Judging from the reaction of the financial market, the US dollar index weakened, while the Nasdaq 100 index futures and the S&P 500 index futures both rose slightly, and spot gold also rose in the short term, all of which reflected the market's reassessment of expectations for rate cuts.
However, the Bitcoin market seemed indifferent to this data. There may be two reasons behind this: First, the Federal Reserve's specific April inflation data has not yet been released, and the single data of the number of unemployment benefits recipients is not enough to form a strong expectation of rate cuts; second, the Bitcoin market has recently experienced a halving event and is in a volatile market at the same stage in history. Its price trend is affected by many factors, including market sentiment, technical performance, and the macroeconomic environment.
Therefore, investors do not need to care too much about the short-term rise and fall of Bitcoin. In the case of a complex and changeable macroeconomic environment and unclear policy trends, investors should remain rational, pay attention to market dynamics, and wait for large-scale opportunities before entering the market. At the same time, it is also necessary to pay attention to risk management to avoid losses caused by blindly following the trend or impulsive trading.
