The latest Federal Reserve May meeting minutes on May 29 showed: Officials generally believe that economic uncertainty has increased, and they are worried about the "double high" risks of inflation and unemployment. Inflation may be more persistent, with tariffs and trade policies having a greater impact on the economy than expected, and GDP and employment outlook have been revised down. Some officials pointed out that the safe-haven status of the US dollar may be affected. The market expects 1-3 rate cuts this year, and the cryptocurrency market is simultaneously fluctuating, with BTC exploring down to 106K before rebounding, with short-term confidence under pressure.
Bitunix analyst suggests: The Fed minutes released a "hawkish with dovish" signal, with policy direction still unclear, and market short-term volatility intensifying. As a high-volatility asset, BTC is the first to bear the brunt in uncertainty. Technically, attention should be paid to the support zone of $107,700-$106,500, and if it breaks, it may explore down to $105,000. The upper pressure level is $110,800-$112,000, and it is recommended to wait and see before breaking through. On the macro level, it is recommended to pay attention to changes in inflation and unemployment, manage risks and asset allocation to cope with possible future fluctuations.
