Cryptocurrency News on May 5
Let's talk about the market outlook! The Fed's meeting minutes deleted the wording of further interest rate hikes, and Powell said that the decision on whether to raise interest rates will be made at each meeting! Recently, regional bank risks have been rising, which is good for the risk market! There is a high probability that there will be no interest rate hike in June! Then the CPI data next Wednesday! If the CPI meets expectations, it is basically certain that there will be no further interest rate hikes! At this time, the market is likely to rebound!
Since the price of 27000 has not fallen, the short-term rebound height is limited. If it can reach 30000 or 31000, it will be an opportunity to exit the market in the short term.
If it rises to 31,000 and stabilizes due to other positive factors, then you can look for opportunities in the short term!
Now the big market is strong, and the small B stocks have not kept up. Only when the big market stays sideways can the others catch up and rise. 🔥🔥🔥🔥#BTC #crypto2023 #ETH #Binance #Web3
