I have been slacking off recently, and I haven't been turning in my assignments on time.

Recently I've been a bit slack and haven't submitted my assignments on time. Mainly because I've added some entertainment activities for myself, it seems that I've added too many and need to reduce them appropriately. #BTC has been trending in a small range these days, and there is no major problem, although $MSTR is constantly buying #Bitcoin. Although there are still many CopyCats rushing in, it doesn't seem to have much help for the price of BTC.

Actually, it is not difficult to find from the data of the spot ETF that the data of the past week has already returned to calm. The emotions of users towards the fear of missing out have gradually begun to recede. Of course, the focus of this stage is still on the Microsoft vote. On Monday, Michael announced that he had a meeting with Microsoft's board of directors for less than four minutes, and talked about the advantages of holding BTC, and also released the PPT of the speech.

To be honest, it's a bit rough. I read it carefully and didn't feel too excited. Of course, when Michael speaks, he certainly won't be reading off a PPT. Technically, I should deduct points after reviewing this PPT, but the presentation is scheduled for the weekend, which piqued my interest a bit. Why would this be arranged on the weekend? It's possible that the board of directors wants to consider more factors.

However, as it stands, the probability of approval is still relatively low. Apart from Microsoft's situation, many colleagues have asked me whether there will be any macro impact, including PMI or non-farm data. PMI has little impact, while non-farm data will have a greater impact. Non-farm data will be released this Friday, and the data is not very good. The expected unemployment rate has been raised from 4.1% last month to 4.2%, and both the annual and monthly wage rates are declining. This is not a Favourable Information economic data.

But this data can indeed help the Fed make some rate cut decisions, after all, the unemployment rate rise, and wage declines are not what the Fed wants to see, increasing the probability of economic risks. However, it's a bit early to say that an economic recession is imminent, so let's wait and see. The Bureau of Labor Statistics always has some surprises in its data.

The focus is still on the 11th. It will be better if it passes, but it may dampen the mood if it doesn't.

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