The main event of the week is the U.S. labor market report. The forecast for new jobs in April is about 73,000 compared to 178,000 the previous month. If the indicator turns out to be weak, the market may increase expectations of an earlier rate cut. This will support risk assets, including cryptocurrencies. Strong data will have the opposite effect. In this case, the rate cut scenario will be postponed, and pressure on the market may intensify.

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