Early in the morning, the White House said that Trump was willing to reach an agreement with China to ease his attitude. Continue to monitor progress. At 2 o'clock in the morning, BTC only surged to around 84300, still being suppressed by 85, as mentioned yesterday. There shouldn't be any major negative news until the end of the month. But it doesn't mean we can continue to rise, let alone any positive news. If we continue to rise, we will definitely sell those who bought at around 75 before. So we will still push the price, even if 85 breaks through and stabilizes, there is still 87700, which is a position that has not been broken through and stabilized before. So it may continue to oscillate. Then there will be GDP data and PCE data at the end of the month. Especially for GDP data, if we can't get a sense of risk aversion at that time. Afterwards, we will look at the inflation and employment data for April in May. pay attention to ⚠️ This inflation data includes tariffs. Now it seems that various macro data and market performance point to an economic slowdown. If Lao Bao puts interest rate cuts on the agenda, it is highly likely that the market will think that you are afraid of recession and therefore cut interest rates. So this logic is different from the interest rate cut in September last year. This rescue style interest rate cut will not be good for the risk markets (US stocks and BTC).