Trump's Beautiful Big Plan is about to make a big deal
First, to briefly state yesterday's events, U.S. stocks and cryptocurrencies surged, with the number of unemployment claims exceeding expectations, providing a clear view of the U.S. economic recession, leading to capital outflows. Due to the certain hedging attributes of cryptocurrencies, they rose as well.
Various news reports also indicate that there is widespread dissatisfaction within the U.S. regarding Trump's tariff strategy, while the probability of the Federal Reserve not cutting interest rates in May exceeds 95%. Trump publicly declared the implementation of the Beautiful Big Plan (which is likely to be a tax cut) since the path of interest rate cuts is not feasible, and he is beginning to stimulate economic recovery through tax cuts to clean up his mess, stating it would have a greater impact than tariffs. The opposing Democrats are trying to stop this but to no avail, as tax cuts concern the interests of the majority, and it is currently basically drafted and passed!
The non-farm payroll report will be released at 20:30 tonight, revealing the impact of tariffs on the job market! Tonight, a storm is also approaching,
We do not focus on the impact of data and news on the cryptocurrency market itself, but rather on the attitude of those in power towards solving the issues and the chain reactions of policy measures.
My personal view is that if the tax cuts are announced successfully, it will inevitably lead to capital flowing back into traditional industries, increasing job opportunities, while funds from cryptocurrencies will correspondingly flow out, leading to a significant drop!
Personal opinion, for reference only, do not blame for right or wrong!
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