The cryptocurrency market is once again in turmoil! The battle between bulls and bears is intensifying, and the truth is coming to light.

Recently, a thrilling scene unfolded on Wall Street: hedge fund shorts were brutally beaten, and US stocks quietly achieved a 9-day rally. Similarly, the cryptocurrency market is witnessing fierce battles between bulls and bears. Even in a state of reduced volume, cryptocurrency prices continue to rise against the trend, and various positive news continues to pour in, keeping market enthusiasm high.

Yesterday's US non-farm payroll data met expectations, and the strong economic performance supports the strength of the dollar, allowing US stocks to maintain an upward trend. However, this situation also greatly compresses the Federal Reserve's space for emergency measures. As the May 8 interest rate decision approaches, market expectations for a rate cut in June are becoming increasingly bleak. Meanwhile, treasury yields are soaring, and Trump's plan to alleviate treasury pressure through an economic downturn may be falling short, as debt interest payments will not decrease at all.

The market is ever-changing, but the greed and fear inherent in human nature remain constant, with the cycle of chasing highs and cutting losses continuously playing out. In this smoke-free financial war, only by maintaining a clear mind can one seize opportunities in a complex and ever-changing market. Follow Lao Dong to help you clear the fog of the market and see through trading tricks!