Although the GDP for the first quarter in the United States is -0.3%, we cannot completely confirm that it is a recession. If the second quarter is negative, we can basically confirm that the U.S. economy has entered a recession.

The upcoming unemployment rate will also not be good, estimated to be above 4.2, and the non-farm data is expected to be unappealing. The significant drop in the U.S. stock market tonight is quite certain, and the probability of an interest rate cut in May may increase.

If the U.S. stock market and Bitcoin show a weak rebound next, it will basically confirm that they will continue to go down.