⭐Expectations for interest rate cuts are rising, and BTC is expected to soar to 110,000 USD.

A series of economic data from the United States announced on May 1 sent a strong signal to the market. The data shows that the momentum of U.S. economic growth has significantly slowed, and inflationary pressures continue to ease, which has sharply increased market expectations for the Federal Reserve to cut interest rates. The cryptocurrency market has also entered a period of fluctuation, waiting for a key breaking point.
The employment market has first released signs of weakness, and the ADP non-farm payroll data came as a shock, with only 62,000 new jobs added, far from the expected 246,000. Inflation indicators were also below expectations, with the core PCE annual rate at 2.6% (expected 2.9%), and the monthly rate maintained at 0.3%. Although inflationary pressures still exist, there is a clear downward trend. More concerning is that the annualized quarterly GDP in the United States recorded -0.3% in the first quarter, marking the first contraction since 2022. The main reason behind this is that companies imported a large amount in advance to avoid new tariffs, leading to a surge in import scale.
The above data has intensified the market's dual concerns about economic downturn and inflation trends. Investors are generally betting that the Federal Reserve will begin its rate-cutting cycle in June. Affected by this expectation, the cryptocurrency market has shown a volatile pattern: Bitcoin (BTC) has repeatedly consolidated in the range of $92,000 - $96,000, while Ethereum (ETH) has been fluctuating around $1,700 - $1,800. Currently, based on the market structure, BTC is expected to rise to around $110,000.
If the Federal Reserve ultimately lowers interest rates as the market expects, it will undoubtedly significantly boost market confidence and provide key momentum for cryptocurrency prices to break through the current range of fluctuations. Against this backdrop, investors are advised to closely monitor the Federal Reserve's monetary policy trends, timely adjust their investment strategies, and seize potential market opportunities.