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I'm going to give you a macro analysis that will help you calmly see how the financial world moves and what could happen with Cryptocurrencies:
The U.S. economy continues to show its strength and resilience with the new employment data published last Friday where 303,000 new jobs were created in March, well above the 200,000 jobs estimated by analysts. However, he took a breather when he learned that wages did not grow, which would imply higher inflation. With this publication, the stock market reacted by recovering part of the week's declines, leaving the S&P 500 with a cumulative loss in the week of 1.02% to close above 5,204.35 points.
During the week, the survey was released by the association of individual investors who believe that stock valuations are mixed or expensive, while the percentage who saw an overvalued equity is slightly increasing. This led the Dow Jones to close the week down 2.27% while the Nasdaq accumulates a loss of 0.91% for the week.
The market awaits next week's CPI report that will give an idea of the Fed's decision on policy rate cuts. But with the employment data, it is clear that the Central Bank would no longer have the urgency to cut rates, despite the fact that Jerome Powell was emphatic three weeks ago that he saw 3 cuts for this year. We saw how the Treasury curve continued to invert, with the 2-year Treasuries trading at 4,753, while the benchmark 10-year securities closed the week at 4,404, depreciating 20 bps.
These macroeconomic issues give us reason to think that Bitcoin could have a pullback in the short term before the halving.