Gold is the best reference for understanding the economy. In April, gold surged to 3523 USD with a significant volume. Generally, the pigs controlling the market will build a top. In May, gold showed signs of high volatility. The reasons for the explosive rise in gold include chaos in the world and inflation of fiat currency; in May, the market can either have high volatility or directly open with a bearish trend. However, gold is a global asset and is not decided by just one person, so I lean towards high volatility with a pin bar.
Historically, gold represents a pitfall-like rise. BTC properties are somewhat real and somewhat virtual; BTC rose from 74K to 91K since April 23 and has shown a total of 12 consecutive days of small upward moves. Is it tempting you to buy spot or go long? Looking at altcoins, ETH breaking the average line seems lower? Is BTC a rising intermediate? The market masters continuously pushing small upward lines might make you want to buy more or spot. Perhaps you think 1800 USD for Ethereum is really cheap, and it should have bottomed? Is it cheap or expensive? Consider the POS chain EOS with 2.1 billion chips currently priced at 0.73; ETH has 121 million chips currently priced at 1840 USD.
You will know by comparing year-on-year! The ETH chips are 1.21 X10 = 1.21 billion, with chips increased 10 times, the unit price would drop 10 times to 184 USD; but the price cannot be calculated this way because ETH chips have moderate annual inflation. Therefore, the price of ETH will have to be halved to meet the valuation of ETH, even with old currency price at 1840 USD.
When will the economy recover? The rising gold price just started, indicating that fiat currency is being issued, leading to inflation. There is too much money in the market, forcing entrepreneurs and the middle class to invest or engage in real business. In just a few years, due to the lack of money for the poor... not to mention their purchasing power has directly dropped by 80%, because the market needs a lot of cheap labor, you know!
Now that gold is surging at high levels, it is expected to have high volatility in May. Is it too naive to talk about interest rate cuts and easing? If your price doesn't drop to the bottom, do you want those with sickles to take over? What are you thinking?