Understanding these things is of little use, it won't stop you from losing 4800%. Not understanding these seemingly plausible things might even help you lose a bit less 😂

$DOGE I have always thought that these things are common knowledge among cryptocurrency traders, but I just found out that many people who have been in the game for years have no understanding of these matters. Moreover, it's best to avoid Binance's chat groups, as they are filled with wannabes.
Let me explain: an increase in unemployment rate is beneficial for the cryptocurrency market because it raises expectations for interest rate cuts. Such good news often cannot be immediately reflected in prices; it needs to accumulate before it forms a significant positive impact.
The unemployment rates announced in March and April have been continuously rising, and if the trend continues in May, expectations for interest rate cuts will increase in June.
Before the expectations for interest rate cuts are confirmed in April, May, and June, the market will mainly experience declines and fluctuations.