According to Crypto Rover, there is a 50% chance of interest rate cuts in May, which is considered extremely bullish for Bitcoin. Traders may anticipate an upward price movement for Bitcoin as lower interest rates could increase liquidity and risk appetite in the market.

According to GreeksLive, the October monthly expiry is imminent, and the month has not met expectations. Factors such as the upcoming election and interest rate cuts have not resulted in significant positive news or inflows for cryptocurrencies. The implied volatility (IV) for the election week remains at 55%, indicating market uncertainty.