Critical data ahead: EU CPI and US PCE

Critical data ahead: EU CPI and US PCE


Last week saw minimal macroeconomic activity. Moving forward, attention will be on critical events, including the release of EU CPI and US PCE data.

Crypto and blockchain events this week (May 24th~ 31st)

Meanwhile, here are the biggest crypto and blockchain events happening around the world this week so that you can stay informed.

Event

Dates

Country

Event link

Consensus 2024

1 June

United States

Consensus 2024

Blockchain Economy Istanbul Summit

30 May

Turkey

Blockchain Economy Istanbul Summit

Market overview

Bitcoin continues to exhibit a narrow trading range. Its value dipped to a recent low of $66,312 but did not breach the $66,000 support level. Two primary trends are currently anticipated:

Bitcoin could dip below $66,000 after a correction, followed by a bullish trend, possibly extending its consolidation phase.

Bitcoin could exceed $71,000, possibly indicating a false breakout, followed by a retracement for further consolidation, or a direct push past the previous high of $73,777.

Ethereum maintains strong performance, with the ETH to BTC ratio expected to rise until S-1 filing approval, targeting $4,900 in the medium term, suggesting new opportunities for Ethereum holders.

Visit WOO X Research for additional insights

The content above is neither a recommendation for investment and trading strategies nor does it constitute an investment offer, solicitation, or recommendation of any product or service. The content is for informational sharing purposes only. Anyone who makes or changes the investment decision based on the content shall undertake the result or loss by himself/herself.

The content of this document has been translated into different languages and shared throughout different platforms. In case of any discrepancy or inconsistency between different posts caused by mistranslations, the English version on our official website shall prevail.

Read Next

We use cookies to improve your experience. To find out more, please read our Privacy Policy. By clicking "Accept", you consent to our cookie and Privacy Policy. Or you may click “Decline”to refuse to consent.

Stay Connected

WOO connects traders, exchanges, institutions, and DeFi platforms with democratized access to the best-in-class liquidity and trading execution at low cost.

Terms of Service Privacy Policy Information Security Statement