Bitunix analyst: Service PMI lower than expected, rising price pressure, BTC shock concerns 93K support

On May 6th, the United States released a number of service industry data, showing that the economy is slowing but inflation pressures are still strong. The S & P global services PMI was 50.8, lower than expected and the previous value, and the expansion momentum of the service industry was close to stagnation. The ISM non-manufacturing PMI was 51.6, also lower than expected, indicating weak domestic demand. The non-manufacturing price payment index rose to 65.1, a new high in nearly a year. Inflationary pressures rose, making it more difficult for the Federal Reserve to turn to easing. In the context of the contradiction between the weakening economy and the firming inflation, the market wait-and-see sentiment heated up. Bitcoin fell back from the high of 97.8K, and there is a lack of clear upward momentum. Bitunix analysts suggest that the current data makes it extremely unlikely that the Federal Reserve will cut interest rates this week, and the market may continue to fluctuate. Bitcoin's short-term support focuses on 93K, and if it falls below 88K, it is possible to backtest. Operation suggestions are to conservatively control positions, observe the follow-up CPI and PPI, and wait for a clear direction to appear.