On May 8, the Federal Reserve unanimously decided to maintain the federal funds rate at 4.25%–4.50% during the FOMC meeting, marking the third consecutive pause, and reiterated its commitment to continue reducing the balance sheet to support economic stability. Interest rate futures indicate that the probability of a rate cut in June has dropped to around 23.8%. On the same day, BTC touched the $99,000 round mark in the Asian trading session, recovering this level for the first time in nearly three months. Bitcoin price even rose to $99,374, with a daily gain of nearly 2%. As investors digested the Fed's neutral stance and lack of overly hawkish signals, BTC experienced a technical rebound after a short-term pullback.
Bitunix analysts suggest: Risk assets received a short-term boost after the Fed's stabilization, but uncertainty remains. BTC currently leans towards a wait-and-see approach, paying attention to the psychological pressure levels of 100K and 94J support. Continuing to monitor next week's CPI and PPI data, as well as the progress of US-China trade negotiations, diversifying stablecoin or gold allocations to hedge against macro and market fluctuations.
