Next week, macroeconomic data will be packed together, with PCE and GDP setting the tone; let's wait for a wave of volatility.

Ahead of the coming week, signals of negotiation progress released by all parties involved in the recent three-month conflict may, if implemented, bring capital markets back to risk appetite, and US stocks and cryptocurrencies could rebound. On the macro front, multiple officials’ speeches and the release of key data will be held intensively next week, including remarks by senior officials from the US and Japan central banks, ADP employment, indicators such as PCE and GDP, as well as speeches by several FOMC officials; the US stock market will be closed on May 25, and related futures trading will be suspended.