$BTC

The probability of the Federal Reserve maintaining interest rates unchanged in May has reached 100%, and the expectation for a rate cut in June may have collapsed?

The United States announced the April non-farm payroll data, with an increase of 177,000 jobs, higher than the expected 130,000; the unemployment rate recorded at 4.2%, in line with expectations. The Federal Reserve's spokesperson stated after the release of the non-farm data that the non-farm data remains robust, and the probability of a rate cut in June has decreased further. The probability of a rate cut in June dropped from over 60% before the data release to 50%, which could prompt the Federal Reserve to maintain or accelerate its rate hike pace.

Although the data release did not have a significant impact on the cryptocurrency market, considering the decreasing likelihood of future rate cuts, it may still cause some volatility in cryptocurrency prices. Therefore, everyone should pay attention to risk management in recent operations.

5.3 Bitcoin Trading Strategy:

Buy between 96,000-97,000, stop loss below 95,000, target 98,000-99,000

Sell between 99,500-98,500, stop loss above 100,500, target 97,300-96,300

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