Gold prices have dropped 8% from their peak, and U.S. Treasury yields are also rising, indicating a recent reduction in risk aversion and a preference for riskier assets, leading Bitcoin and U.S. stocks to start rebounding.

However, the liquidity is not sustainable, and after eight consecutive days of inflows, the Bitcoin ETF has started to see outflows.

Yesterday, U.S. stocks rebounded after a drop following the GDP data release, mainly because many companies reported very strong earnings, as they were for the third quarter of last year, with some being for the fourth quarter, causing short-term positive sentiment. The first quarter of this year might also be good due to tariffs, leading to a rebound in consumption in the first quarter.

U.S. interest rate traders have been betting on four rate cuts by the Federal Reserve this year, each by 25 basis points. Personally, I have always believed that there will be four cuts this year. My view has remained unchanged since last year, as previously discussed in live streams and articles.

U.S. stocks still see a weak rebound, and liquidity in the cryptocurrency market is insufficient, making it unlikely for Bitcoin to surge; the probability of a decline is much higher. The Federal Reserve is likely to start cutting rates in June. Therefore, recent non-farm payroll data has a high probability of being negative, which could trigger a decline.