BitUnix analyst: ISM manufacturing PMI and employment data show economic weakness, BTC under short-term pressure at $97000

BlockBeats News: On May 2nd, multiple economic data showed that the United States is facing challenges from trade tariffs and cost pressures: the ISM manufacturing PMI fell to 48.7, hitting a five month low; The price payment index rose to 69.8, the highest since June 2022. The S&P Global Manufacturing PMI has slightly fallen to 50.2, but is still in the expansion range; The number of first-time recipients of unemployment benefits has increased to 241000, and the number of renewals has risen to 1.916 million, both of which are high levels in recent years. BitUnix analysts suggest that data shows a slowdown in the manufacturing industry, rising costs, and a weakening job market, causing the market to remain cautious about the timing of interest rate cuts. FedWatch shows a 58% chance of a rate cut in June, compared to only 5% in May. Against the backdrop of slowing expectations of interest rate cuts, the market may experience volatility. It is necessary to pay attention to the pressure level of BTC at $97000 and manage risks flexibly by adjusting the position ratio to cope with fluctuations.