According to Cointelegraph, U.S. non-farm payroll data exceeded expectations, adding 177,000 jobs, indicating that the labor market remains strong. Nevertheless, Trump has once again called for the Federal Reserve to cut interest rates.
BTC price reached a multi-month high after the Wall Street opening 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 not to change interest rate policy on May 7, with a rate cut probability of only 2%.
Trader warning: the current high may be for liquidity grabbing, and BTC may drop to $95,000. Analysts believe that if BTC stays above $93,500, the price is likely to continue rising.
