#BTC All people

The non-farm payroll data greatly exceeded market expectations, and the expectations for a rate cut by the Federal Reserve in June have decreased. Mainstream altcoins should follow the decline rather than the rise. Bitcoin and Ethereum are lingering on the brink of support and resistance, as if a significant drop could happen at any moment. Currently, the expectation of a rate cut has dropped from 60% to about 40%, meaning that the expectation of no rate cut in June is greater than that of a rate cut. If Bitcoin does not produce a large bullish candle to restore market confidence, the current liquidity poses a significant danger signal. What goes up must come down. On May 8th, the Federal Reserve will hold a critical meeting regarding interest rates. Let's look forward to the upcoming meeting.