Today, Dongda took the lead in cutting interest rates and reserve requirements. This should be one of the few times in my 13 years in the financial industry that Dongda has proactively started to adjust monetary policy by cutting interest rates and reserve requirements, even without the Federal Reserve lowering rates. This indicates that our country's comprehensive strength is rising in all aspects, and we will no longer fear the hegemony of the US dollar.

The International Monetary Fund around the world has further supported the renminbi, and currently, Dongda's entire industry chain is the most complete in the world, with global capital also stirring restlessly. However, the Federal Reserve's forced interest rate hikes have caused global capital to strongly flow back into dollar-denominated assets, coupled with Trump's crazy trade war against China, aiming to comprehensively damage Dongda's economy. But times have changed; our Chinese nation is achieving comprehensive rejuvenation, and the strong rise of the renminbi is inevitable. Now it depends on how long the Federal Reserve can hold out.

At 2 a.m. tomorrow, there will be the Federal Reserve's interest rate decision for May. According to the non-farm payroll report released by the Federal Reserve last Friday, it is highly likely that the Federal Reserve will maintain the interest rate unchanged in May and will not lower rates, with the specific timeline for any rate cuts being uncertain.

After Bitcoin's four-hour chart pulled back to the $93,000 line, it has strongly rebounded. The daily chart for Bitcoin closed with a small bullish candle yesterday, and the market is still strongly consolidating above $92,000. Bitcoin is poised to move, waiting for the Federal Reserve's final decision.

Ethereum's upgrade is meaningless; the daily chart shows a weak rebound, and Ethereum overall is very fragile. I say this here: Ethereum is completely finished and has cooled off. There are many heavy sell orders above Ethereum, making it unsuitable for medium to long-term holding; it is only suitable for short-term swing trading. If you make a profit, you must run; you cannot afford to be complacent.

Ethereum's scalability has always been a very serious problem, and more importantly, the narrative around Ethereum is poorly constructed.

Ethereum will not pull up significantly in the short term and won't have a large rebound. In the future, the general direction for Ethereum, with a probability of over 80%, will likely be to test the $800 line.