Macro and currency circles on May 5

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1. The process of Bitcoin’s decline from historical highs, analyzing the impact of factors such as macro news and data on the trend of the currency circle, and reminding the audience to learn and watch rationally.
00:01 - A look back at Bitcoin’s all-time highs and downtrends
01:21 - Analyze the relationship between macro news and Bitcoin trends
02:23 - Discussing the impact of employment numbers and employment rates on Bitcoin trends
2. The relationship between Bitcoin price fluctuations and macro factors, and pointed out that macro factors cannot explain most fluctuations, but will affect the beginning and end of the market.
03:00 - Bitcoin price has experienced multiple fluctuations, and macro factors are not the main influence
03:36 - The employment number exceeded expectations and became a negative, but the Bitcoin price still returned to 60,000
05:54 - Macro news may have an impact on Bitcoin price, but it does not directly dictate the start and end of the market
3. In Bitcoin trading, we cannot rely solely on macro data and news to determine short-term trends. Instead, we need to pay more attention to on-chain data information such as exchange Bitcoin stocks, short-term holder MVRV, and USDT premium rate.
06:01 - Don’t use macro data to determine short-term trends
06:57 - Exchange Bitcoin stocks rebound, and there may be selling pressure
07:48 - Even if you encounter bad news or panic, keep your faith and buy a little less.

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