On May 5th, the United States will release multiple PMI data, with market expectations of slowing economic momentum but persistent inflation pressure. S&P services and composite PMI are expected to decline to 52.1 and 52.2 respectively, indicating a slowdown in economic growth. However, ISM non-manufacturing PMI is expected to rise to 52.6, reflecting the resilience of the service sector, with employment index expected to recover to 47.7, though still below 50. The prices paid index is predicted to rise to 62.6, suggesting that market inflation pressure remains high.
In the crypto market, BTC has fallen from its high of $97,800 to $93,400, 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 $93,000 support in the short term, and may explore lower levels if it breaks through. Investors are advised to remain cautious, control positions, pay attention to economic data and policy trends, and adjust strategies flexibly.
