Key points:
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The markets are increasingly seeing fewer cuts this year this year, when the first one will only come in September.
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Despite the weaknesses of the potential labor market, crypto and risk assets lack a unified bullish catalyst, the analysis says.
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BTC/USD continues to fall towards new Multiday -Lav.
Bitcoin (BTC) sold on May 28 the Wall Street Open as the markets continued to price US interest rates.
BTC Price Retreats With Fat Rate Cut Bets
Data from COINTELEGRAPH MARKETS PRO and TradingView showed BTC/USD dipped below $ 108,000 to challenge MULTIDAY -LAV.
Prior to the protocol from the Federal Reserve’s May meeting, the mood of risk assets was cautious.
CME Group’s FedWatch tool showed falling odds of a speed cut – a key with tail winds to crypto, stocks and more – before September.
Informal atmosphere also continued to aggravate the day, with prediction service Kalshi saw only two cuts in 2025, down from four in early April.
📊 Update: Markets now prices now on only 2 bold rate cuts in 2025, down from 4 earlier this year, as uncertainty builds in front of today’s FED minute. pic.twitter.com/vayljgjjwf
– COINTELEGRAPH (@COINTELEGRAPH) May 28, 2025
In its latest analysis, the Kobeissi letter of the Kobeissi revealed a potential silver lining.
The consumer’s mood over the labor market, reported it, flashed classic signs of an upcoming unemployment tip – something that could force the bold to bring out interest rates.
“The evaluation of the current job accessibility has also fallen over the past 3 years. In previous economic cycles, this metric has been a leading indicator of unemployment,” it told X followers.
“This indicator clearly suggests a further increase in unemployment in the coming months. The labor market continues to show signs of weakness.”
Risk assets lack volatility trigger
The BTC prize cut in the meantime through bids -liquidity on the way down, something that the popular trader Thekingfisher previously warned could form a “trigger” for further loss if they are broken.
Related: Bitcoin Whales Buy Buy As BTC Price Dip Measurements Includes $ 94K
“The more striking feature, however, is the massive wall of short liquidations immediately above, starting from $ 108900 and extending significantly upwards, especially about $ 109000- $ 109200+,” he acknowledged.
“This creates a significant imbalance that is partical against short liquidations.”
With BTC/USD range, since the $ 112,000 for all the time, macro analysis from the trading company QCP Capital eventually suggested little chance of an award outbreak without an appropriate catalyst.
“Volatility across most asset classes continues to drift lower as the markets enter a lull in the midst of a lack of meaningful news stream and macroeconomic data,” wrote it in his latest Bulletin to Telegram Channel subscribers on the day.
“The news cycle remains relentless, yet markets appear more and more to negative development and brush headlines that may have once given rise to more significant reactions.”
This article does not contain investment advice or recommendations. Each investment and trade movement involves risk, and readers should make their own research when making a decision.