#FOMCMeeting The upcoming FOMC meeting on May 6-7 is expected to maintain current interest rates, with a 97.2% probability of no change according to the CME's FedWatch tool. The market is closely watching for signals on the next move, especially with

- *Interest Rate Expectations*:

- *May*: 97.2% chance of no rate change

- *June*: 60.5% chance of a 25bps cut

- *Market Impact*: Bitcoin and other risk assets are reacting to headlines and expectations rather than actual Fed moves

- *Trump vs. Powell*: Trump is pressuring for rate cuts, while Powell aims to show independence

*Key Points to Watch*

- *Inflation*: PCE inflation held steady at 2.3% year-over-year, with core PCE easing to 2.6% YoY

- *Economic Data*: Unemployment data is expected to be released, which could impact market volatility

- *Rate Cuts*: Markets expect rate cuts in June and July, with a potential pause in October

*Trading Advice*

- *Caution*: Avoid using leverage due to market uncertainty

- *Bitcoin Support*: $93,000 is a key support level, with the next support zone between $90,000-$91,000

- *Market Sentiment*: Traders are betting against a May rate cut, but expect a potential cut in June