On May 8, the Federal Reserve unanimously decided at the FOMC meeting to keep the federal funds rate unchanged at 4.25%-4.50%, the third consecutive time, and reiterated that it will continue to reduce its balance sheet to support the smooth operation of the economy. Interest rate futures show that the probability of a rate cut in June has dropped to about 23.8%. On the same day, BTC hit the $99,000 mark during the Asian session, the first time it has regained this level in nearly three months. The price of Bitcoin once climbed to $99,374, a single-day increase of nearly 2%. As investors digested the Fed's stance of keeping policy unchanged and not releasing an overly hawkish stance, BTC experienced a technical rebound after a short-term decline.
Bitunix analysts recommend:
Risk assets received a short-term boost after the Fed maintained stability, but uncertainty remains. BTC currently tends to wait and see, pay attention to the psychological pressure levels of 100K and 94K support, continue to pay attention to next week's CPI and PPI data, as well as the progress of US-China trade negotiations, and diversify stablecoins or gold to hedge against macro and market fluctuations.
