Followin message: On May 5th, the United States will release multiple PMI data, with market expectations of slowing economic momentum but persistent inflation pressure. S&P service and composite PMI are expected to drop to 52.1 and 52.2 respectively, indicating economic growth deceleration. However, ISM non-manufacturing PMI is expected to rise to 52.6, reflecting service sector resilience, with employment index anticipated to recover to 47.7, though still below 50. The prices paid index is predicted to rise to 62.6, indicating high inflation pressure expectations.
In the crypto market, BTC dropped from a high of 97.8K to 93.4K, with short-term volatility intensifying. Despite continuous ETF fund inflows, the market remains cautious about Federal Reserve policies.
Bitunix analysts suggest: BTC needs to focus on the 93K support in the short term; if it breaks, it may explore lower levels. Investors are advised to remain cautious, control positions, pay attention to economic data and policy trends, and flexibly adjust strategies.
