According to Cointelegraph, U.S. non-farm payroll data exceeded expectations, adding 177,000 jobs, indicating that the labor market remains strong. Nevertheless, Trump again calls for the Federal Reserve to cut interest rates.
BTC price reached a multi-month high after Wall Street opened on May 2, breaking through $97,000. Market participants warn that BTC may experience a 'liquidity grab' above $97,000.
The S&P 500 and Nasdaq indices rose by more than 1.3%. The market expects the Federal Reserve will not change its interest rate policy on May 7, with a cut probability of only 2%.
Trader warning: The current high may be for liquidity grab, BTC may fall back to $95,000. Analysts believe that if BTC remains above $93,500, prices are expected to continue rising.
