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According to Foresight News, Fundstrat's Chief Investment Officer Tom Lee suggested in an interview with CNBC that the market might be in the process of forming a bottom, potentially reaching it as early as this week. Lee emphasized the importance of the upcoming employment data, noting that if the figures fall short of expectations, it could trigger a brief panic. However, this might also prompt the Federal Reserve to accelerate interest rate cuts.

Lee anticipates a reduction of 75 basis points in the federal funds rate this year, bringing it down to a range of 3.50%-3.75% by the end of the year. Regarding Bitcoin (BTC), Lee attributed the current pullback to cyclical market fluctuations rather than negative news. He predicts a short-term dip to $62,000 but remains optimistic that BTC will surpass $150,000 by year-end.