- The markets see more and more Fed Fed fees cuts this year, and the first one only arrived in September.
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Despite the possible weakness of the labor market to come, crypto and risk assets lack a general bullish catalyst, says the analysis.
- BTC/USD continues to fall for new minimums of several days.
Bitcoin (BTC) was sold at the Open Wall Street on May 28 as the markets continued to set the price of interest rate cuts in the United States.
BTC price retreats with Fed Rate Reduction Bets
Co -Intelegraph Markets Pro and TrainingView data showed that BTC/USD submerged below $ 108,000 to challenge the minimum of several days.
Before the minutes of the May meeting of the Federal Reserve, the mood among risk assets was cautious.
The CME Group Fedwatch tool showed decreasing probabilities of a tariff cut, a key tail for cryptography, actions and more, before September.
The informal feeling also continued to deteriorate the day, with the Kalshi prediction service seeing only two cuts in 2025, compared to the four in early April.
📊 Update: Markets now have prices in just 2 Fed rates cuts in 2025, below 4 earlier this year, as uncertainty accumulates before the minutes of today’s Fed
In his last analysis, the commercial resource of the Kobeissi letter without Metro revealed a possible possible side.
The feeling of the consumer on the labor market, he reported, was blinking the classic signs of an upcoming inemplejorial peak, something that could force the Fed to carry the target cuts.
“The evaluation of the availability of current work has also decreased in the last 3 years. In the previous economic cycles, this metric has been a main indicator for unemployment,” he told X followers.
“This indicator clearly suggests an additional increase in the unemployment rate in the coming months. The labor market continues to show signs of weakness.”
Risk assets lack volatility trigger
Meanwhile, the BTC price action reduced the liquefiness of the offer on its way down, something that the popular merchant previously warned that he warned could form a “trigger” for greater losses if it breaks.
Related: Bitcoin whales continue to buy since BTC’s pricing targets include $ 94k
“However, the most surprising characteristic is the massive wall of short liquidations immediately above, from $ 108900 and extends significantly up, partly around $ 109000- $ 109200+,” he acknowledged.
“This creates a substantial imbalance biased towards short liquidations.”
With BTC/USD Rangewound from its maximum $ 112,000 in all times, the macro analysis of the commercial firm QCP Capital suggested little gain of a price break without an adequate catalyst.
“Volatility in most asset classes continues to fall, as the markets enter a pause in the middle of a shortage of a significant news flow and macroconomic data,” he wrote in his last bulletin for telegram of channel subscribers in the day.
“The news cycle is still relentless, but markets seem increasingly inverted for negative developments, brushing the owners that could once cause more significant reactions.”
This article does not contain advice or investment recommendations. Each investment and trade movement implies risk, and readers must carry out their own investigation by making a decision.
