Last night, the U.S. announced the number of job vacancies in April. The data showed that it recorded 8.059 million, which was expected to be 8.355 million, far lower than the previous value (8.355 million), which is similar to the weak labor market announced earlier. After the data was released, the market accelerated the expectation of the Fed's interest rate cut this year, and the big cake broke through 70,000. Three months ago, the big cake was at 70,000. Three months later, the big cake was still hovering at 70,000. During this period, it experienced deleveraging, sideways, accumulation, and shock. Brother Ming believes that the adjustment is enough. It is time to break through. Be more patient.

At 9:45 tonight, Canada announced its interest rate decision. The market expects the central bank to cut interest rates by 25 basis points for the first time to 4.75%, and then tomorrow night the European Central Bank will also cut interest rates for the first time. It can be said that this global urine holding behavior will enter the final stage, and the interest rate cut cycle is unstoppable.

Brother Ming is still optimistic about the market in June. According to the information disclosed by BlackRock, the Ethereum ETF is expected to start trading in late June-early July. It is expected that there is no hype, waiting for time to change space. There is definitely room for speculation on this main line. The Federal Reserve’s interest rate cuts in the second half of the year, the US presidential election, the Bitcoin ETF/Ethereum ETF, and even the halving, many narrative events will continue to support the bull market. There is no logic for being bearish.