Bitunix analyst: Service PMI is lower than expected, price pressure is rising, BTC fluctuates and focuses on 93K support

Mars Finance News, on May 6, the United States released multiple service sector data, showing economic slowdown but persistent inflation pressure. S&P Global Services PMI reported 50.8, lower than expected and previous value, with service sector expansion momentum nearly stagnant. ISM Non-Manufacturing PMI reported 51.6, also below expectations, indicating weak domestic demand. The Non-Manufacturing Prices Paid Index rose to 65.1, reaching a new high in nearly a year, with inflation pressure heating up, making it more difficult for the Fed to turn to easing. Under the contradiction of economic weakness and stubborn inflation, market wait-and-see sentiment is rising. Bitcoin retreated from its 97.8K high point, lacking clear upward momentum. Bitunix analysts suggest: Current data makes it extremely unlikely for the Fed to cut rates this week, and the market may continue to oscillate. Bitcoin's short-term support is focused on 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.