The Bitcoin trend in May 2023 will be directly influenced by the Federal Reserve's interest rate decision. The Federal Reserve's interest rate decision announced at 2 AM on May 8 will serve as a market barometer, becoming a key point affecting BTC price fluctuations in the short term. Current market expectations show that there is a 97.2% probability that the Federal Reserve will maintain interest rates at 4.25%-4.50% in May, with a mere 2.8% chance of a rate cut. This means that if the decision aligns with expectations, the market may maintain a consolidation pattern; however, any unexpected changes could trigger sharp volatility.

It is worth noting that the market generally expects the first rate cut to be more likely to start in June or July. If the May decision signals dovish tendencies and hints at a timeline for rate cuts, it may boost risk assets, including cryptocurrencies such as Bitcoin. Conversely, if the stance is hawkish, it could lead to a short-term pullback.

Additionally, the recent primary market Meme coin CO NAN has attracted attention. As a Meme project that has received special honors, its community consensus is relatively strong and worth keeping an eye on. However, investment should be approached with caution, and it is recommended to focus on the decisive factor of Federal Reserve policy trends, which will dominate the overall trend of Bitcoin in mid to late May. Investors should closely monitor market reactions following the interest rate decision and adjust their strategies in a timely manner.

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