It's not easy to do today's homework. The market is now polarized again. According to the non farm payroll data released today, the economic situation is better than expected. Although it reduces the possibility of the Federal Reserve cutting interest rates quickly, it also shows the resilience of the US economy. At the same time, it also makes the US one step further away from an economic recession. However, there are still signs of a pullback in the US stock market, and it is estimated that some investors believe that interest rate cuts are far away. In fact, from my personal point of view, the interest rate cut is not very much related to the data. We have said this many times. One thing Trump asked Walsh to do after he came to power is to cut interest rates. Good economic data should cut interest rates, bad economic data should cut interest rates, inflation should cut interest rates, inflation should rise, well, first cut interest rates, this is Trump's most direct request. So what the Federal Reserve says and does after June, I think the significance is more important, and before that, the impact should be limited. So we can see that the US stock market has experienced a slight fluctuation, oscillating between rising and falling, and the hardest part is cryptocurrency. Bitcoin fell below $66000 again today. Looking back at the data of Bitcoin, we talked a lot today. Although ETFs have shown signs of buying, and both high net worth and retail investors have shown signs of buying, the price of BTC is still falling, mainly due to the influence of emotions and liquidity. It feels like a bear market is really coming. Diversified purchases cannot offset concentrated selling, and in fact, from a data perspective, selling is not very significant. But I feel that more of my buying is passive, such as myself, who is ambushing at $60000 instead of buying spot goods directly now. Therefore, although I also provided a weak purchasing power, at most, it only slowed down the decline and did not contribute to the price increase. This may be the reason why the data looks good, but the price is still unfavorable. @bitget VIP， Lower rates and more generous benefits