Last night, we talked about CPI, the number of interest rate cuts, and Powell's speech. The three signals are good news and bad news. If nothing unexpected happens, the mid-year winter has begun.

The next sudden positive news may still be the Ethereum ETF, but the approval of S-1 before the interest rate cut signal is not believed to bring a large increase. It is likely to replicate the trend after the approval of the Bitcoin ETF, first wash the market and wait for the interest rate cut signal to appear before violently pulling up.

As for the sudden interest rate cut, it is basically impossible before September. Under the influence of macroeconomics, the market will continue to fall in the middle of the year.