🌹Brothers, happy May Day!! 💥 Last night, several important data points were released: PCE was as expected, with little impact, but the ADP employment figure was expected to be 115,000. The actual release was 62,000 [this represents a huge drop in non-farm private sector employment]. The economy is not doing well 😕
Initially, U.S. stocks plummeted, affecting BTC to drop alongside it, but later BTC rebounded strongly and is about to break 95,000—still strong! So why the fierce rebound?
The ADP data fell short of expectations, which is favorable for the Federal Reserve to start cutting interest rates in June [a positive sign].
This week, we are watching the non-farm payrolls and April unemployment rate data released on Friday at 20:30. Overall, the long-term trend is positive, but it won't happen that quickly; maintain patience and confidence.
Today’s focus: Prompt, $VIRTUAL , Plume
These are all personal picks for strong altcoins that I am optimistic about; feel free to call me if interested. Ready to feast big 🥩!!!
