The next focus of the Bitcoin market is tonight's US ADP employment data. If the data brings good news again, it may trigger another rise in Bitcoin. The US GDP growth rate is lower than expected. Now that it has entered June, the European Central Bank is ready to start cutting interest rates, and the timing of the Fed's rate cut is also attracting attention.

This week's poor performance of the manufacturing index shows that the US economic situation is not ideal, coupled with the cooling of the labor market and the downward revision of GDP in the first quarter, these factors are good news for Bitcoin. When the economic situation is not good, the possibility of the Fed cutting interest rates in advance increases, and the expectation of a rate cut in September has been raised. I have always believed that the Fed started to cut interest rates with a high probability because the economic situation is not good, and cutting interest rates will help restore the economy. At present, data from all aspects point to this.

Before the Fed officially starts to cut interest rates, the market may be turbulent in the short term. But once the Fed officially cuts interest rates in September, liquidity will be released, and the market may usher in a good market, especially until the US election in mid-November. $BTC $ETH $BNB #山寨季何时到来？ #5月非农数据即将公布 #MegadropLista