The United States released multiple service sector data, showing economic slowdown with persistent inflation pressure. S&P Global Services PMI reported 50.8, lower than expected and previous value, indicating service sector expansion momentum is near stagnation. ISM Non-Manufacturing PMI reported 51.6, also below expectations, revealing weak domestic demand. The non-manufacturing prices paid index rose to 65.1, reaching a new high in nearly a year, with inflation pressure intensifying, making it more difficult for the Federal Reserve to shift towards easing.Amid the contradiction between economic weakness and stubborn inflation, market sentiment is becoming cautious. Bit has fallen from its 97.8K high point, lacking clear upward momentum.
Bitunix analyst suggests: Current data makes the Federal Reserve's rate cut this week highly unlikely, and the market may continue to fluctuate. Bit's short-term support is at 93K, and if it breaks, it may retest 88K. The operational recommendation is to be conservative in position control, observe subsequent CPI and PPI, and wait for a clear direction to emerge.
