Big news!! Big news!! Just saw this set of U.S. economic data, quite interesting, so I’m here to give you a quick rundown.

As of the week ending May 2nd, initial unemployment claims were 200k, below the expected 205k, with the previous figure revised up to 190k.

Newcomers see strong employment data and get nervous, thinking the Federal Reserve won’t cut interest rates anymore. But Uncle Lin believes we should look at it from two sides: the data indeed shows the labor market is resilient, so short-term recession fears can be put aside; but this puts the Fed in a dilemma — the economy isn’t collapsing, but if inflation rebounds, the threshold for rate cuts will be higher.

We are now in a period of chaos: the economy isn’t that bad, but it’s not good enough to warrant rate hikes.

For the crypto world, macro game theory is more important than technical analysis. As long as employment doesn’t plummet, the Fed will have the confidence to maintain high interest rates, suppressing risk assets. But once the market starts pricing in rate cut expectations, funds will flow back into the crypto market.

Next, don’t just focus on candlestick charts; pay more attention to macro trend changes.
$BTC $ETH #BTC回调 #稳定币储备下降