BitUnix analyst: Service PMI lower than expected, price pressure rising, BTC volatile, focus on 93K support

According to BlockBeats, on May 6th, the United States released multiple service industry data showing an economic slowdown but still strong inflationary pressures. The S&P Global Services PMI reported 50.8, lower than expected and previous, indicating a near stagnation in the expansion momentum of the service industry. The ISM non manufacturing PMI reported 51.6, also lower than expected, indicating weak domestic demand. The non manufacturing price payment index rose to 65.1, reaching a new high in nearly a year, and inflationary pressure intensified, making it more difficult for the Federal Reserve to shift towards easing. Amidst the contradiction between economic weakness and strong inflation, the market's wait-and-see sentiment is heating up. Bitcoin has fallen from its high of 97.8K, lacking clear upward momentum. BitUnix analysts suggest that the current data makes the possibility of the Federal Reserve cutting interest rates this week extremely low, and the market may continue to fluctuate. Short term support for Bitcoin is focused on 93K, and if it falls below, there is a risk of backtesting to 88K. It is recommended to control the position conservatively, observe the subsequent CPI and PPI, and wait for a clear direction to emerge.