Bitcoin (BTC) failed to attract bids closer to $70,000 on May 30, ahead of a "pretty big" macroeconomic data release. 📉

Data from Cointelegraph Markets Pro and TradingView shows that BTC price action has no momentum as it works hard towards immediate support.

“After meeting the range top and $72K market supply, bulls lacked sustained momentum above $70K,” popular trader Skew wrote in part of his latest market update.

The main event of the day is the upcoming US macroeconomic data. They represent both unemployment claims and the first revision of Q1 GDP - both potential catalysts for volatility for crypto and risk assets if the outcome deviates from expectations.