This week's market remains stable, beware of false breakouts.

The current prosperity of the US stock market and the rebound in cryptocurrencies may stem from an expectation—that Trump will visit China.
The agreement between Iran and the US could play a significant role. So recently, there are optimistic expectations about agreements, opening the straits, and oil prices returning.
Therefore, we see that the forecast for the US-Iran agreement, and the expectations after Trump's visit to China on May 15, are rising.
Around Trump's visit to China, everything this week is politically driven; there will be no war before Trump's visit, and US stocks will not fall.
Trump's visit to China is even more important than the US-Iran war, so the main theme this week is stability.
Additionally, it is unlikely that Wosh will cut interest rates immediately upon becoming the new Federal Reserve Chair, because the Fed's rate decisions are made collectively by 12 officials voting.
Of course, the Fed Chair has influence. But even if Powell fully leaves the Board, Wosh will need some time to establish his reputation and influence.
On the other hand, Wosh's proposed strategy of rate cuts plus balance sheet reduction is only directional; the specific magnitude requires quantitative modeling and research.
It also depends on the reactions of the employment market and CPI, which require joint analysis by officials!
Trump's visit to China and Wosh's appointment should be short-term catalysts.
A new high in BTC rebounds needs actual capital inflow for validation.
Currently, on-chain whale distribution signs still exist; beware of false breakouts!
This week remains stable, but next week may not be.
#TrumpVisitsChinaMay13