Analyst: Services PMI Below Expectations, Rising Price Pressure, BTC Fluctuates with Focus on 93K Support

May 6 news, the United States released several service industry data, indicating an economic slowdown but persistent inflationary pressures. The S&P Global Services PMI reported at 50.8, below expectations and previous values, with service sector expansion momentum nearly stagnant. The ISM Non-Manufacturing PMI reported at 51.6, also below expectations, indicating weak domestic demand. Meanwhile, the Non-Manufacturing Prices Paid Index rose to 65.1, reaching a nearly one-year high, intensifying inflationary pressures and making it more difficult for the Federal Reserve to shift to easing. Amid the contradiction of a weakening economy and firm inflation, market watchfulness is increasing. Bitcoin has retreated from its 97.8K high, lacking clear upward momentum. Analysts suggest: the current data makes the possibility of a Fed rate cut this week extremely low, and the market may continue to fluctuate. Bitcoin's short-term support is focused on 93K, and if it breaks, it may retest 88K. It is advised to conservatively control positions, observe subsequent CPI and PPI, and wait for a clear direction to emerge.