May 2nd Viewpoint

1. Bitcoin, expected range 97300-95000, expected trend is oscillating down.
2. Erbing, expected range 1850-1790, anticipated trend oscillating downwards;
3. Tonight at 20:30 Non-Farm Payroll data/Unemployment Rate (expected to cause a spike and then a pullback)
[Market Analysis]
Last night, Bitcoin and Ethereum continued to rise, mainly due to:
① The Ministry of Finance's spokesperson said in an interview: The Federal Reserve should cut interest rates, intensifying speculation about rate cuts; ② Several tech stocks reported earnings growth (positive news), and many tech companies expressed their intention to invest at the "Invest in America" conference, leading to a surge in the stock market and bringing optimistic sentiment; ③ Japan maintains its interest rates, eliminating the risk of a rate hike.
Tonight there will be non-farm payroll and employment rate data, and the release of this data is expected to cause a spike (stimulating interest rate cut expectations).
In the later part of the night and on weekends, it is expected to turn into a downward trend (the market anticipates that there will be no interest rate cuts next week, and the sentiment will dissipate before falling back).
Due to the lack of positive news to continue driving up, we expect a volatile decline today.
[Mid-term View]
As Trump shows a softened attitude towards the tariff war with China and other countries, and expresses no intention to dismiss Powell, the market atmosphere has significantly improved, and one should not be overly bearish.
②Starting this week, the market will focus on employment data and inflation data, gradually beginning to speculate on interest rate cut expectations, with market volatility fluctuating sharply based on the quality of the data.
③ In the long term, the bull market is nearing its end. For altcoins and spot trades, plan to sell within the next month or two when the rebound approaches 30%-50% of the decline since December.
[Strategy]
Short selling.