Wall Street is being hammered, and the crypto world is not spared! The battle between bulls and bears is intense, this is the truth of the market.

These past few days, the hedge funds shorting on Wall Street have been crying out in pain, with U.S. stocks rising for nine consecutive days, quietly coming back. In the crypto world, those shorting are also being pressed down and rubbed into the ground, with a rise in volume despite the increase in prices. Positive news is unfolding in succession, and the market sentiment is very strong.

Yesterday, the U.S. non-farm payroll data met expectations, the economy is strong, the dollar is firm, and U.S. stocks continue to rebound, leaving less room for the Fed to intervene. With the interest rate decision coming on May 8, hopes for a rate cut in June may have to be dashed. However, treasury yields are soaring, and Trump's plan to save treasury bonds through an economic recession seems to be going down the drain, as interest cannot be reduced by a penny.

The market keeps changing, but human nature never does. The cycle of chasing highs and cutting losses continues; if you want to earn, you have to rely on yourself! Keep following Old He, and he will help you see through the tricks.