The most important data in June is about to be released!!
The market movemnt is fluctuating greatly‼
BTC and ETH may face major changes in market situation‼
As mentioned before, the first resisitance level of ETH is 3482, and the second resisitance level is from 3516 to 3559. If ETH breaks through these resistance levels, the bulls are formed. If ETH moves in a pin bar pattern without breaking these resistance levels, the downward trend will continue.
This time, PCE is the last important data in June, which will play a key role in the Federal Reserve interest rates cut decision in July.
The overall market of Bitcoin has experienced a slow and continous decline for a month and then it fell below the 60,000. Currently, it has consoliadted with an osciliation after a rally to near 61,000. it is obvious that Ethereum’s movement is relatively stronger than BTC after an increase for three days. It also experiences an oscilliation in a narrow range. Only when the data to be released can the next major market will happen. According to the overall PCE data, the release of PCE datait may be a positive factor , so it is possible that the market will usher in a wave of increase after the release of PCE. Or it will quickly experience an upward trend in a pin bar pattern first then it will fall again. According to the previous market, however, PCE has repeatedly shown that if doing trade against its data, the data is a favorbale factor .#VaneckMemecoinIndex #PCE #BinanceTournament