The crypto market is entering a key week as global economic data rolls in. Here's everything you need to know about today's macro events and how they could impact Bitcoin and altcoins.
🔹 Current Market Snapshot:
$BTC : $108,388
$ETH : $2,538.89
Sentiment: Cautiously bullish after Powell’s dovish tone on May 25
Market Positioning: 51.2% short vs. 48.8% long
🕗 Event #1: U.S. Durable Goods Orders (8:30 AM ET)
Expected: -7.9%
Previous: +9.2%
Why It Matters: Huge drop expected. A big miss could signal economic slowdown.
Crypto Impact:
Worse-than-expected: 🔻 BTC could test $105K
Better-than-expected: 🔺 BTC may push to $110K–112K
📌 Watch for high beta altcoins (especially DeFi) to move more than BTC.
🕙 Event #2: U.S. Consumer Confidence (10:00 AM ET)
Expected: 87.1
Previous: 86.0
Why It Matters: Consumer sentiment drives economic activity.
Crypto Impact:
Below 85: 🔻 Could trigger selling across crypto
Above 90: 🔺 Bullish for BTC and altcoins, especially gaming/metaverse tokens
🌐 Event #3: RBNZ Interest Rate Decision (10:00 PM ET)
Expected: Cut from 3.50% to 3.25%
Why It Matters: Global monetary easing trend.
Crypto Impact: Minor but contributes to liquidity narrative.
🧠 Lingering Macro Effects
Powell’s dovish tone still lingers. If reinforced by today’s data, expect risk-on appetite to rise. All eyes are also on May 28’s FOMC minutes, which could shift the entire market.
🎯 Most Likely Scenario
✅ Base case: BTC ranges $106K–$110K with altcoins following
💥 Bullish: BTC > $110K if both data beats
🔻 Bearish: BTC < $105K if data disappoints
Trading Strategy Tips:
Reduce leverage before 8:30 AM/10:00 AM ET
Watch sector rotation (BTC → Altcoins)
Prepare for big Wednesday (FOMC)
💡 Final Take:
Today sets the tone. Tomorrow could set the trend.
Stay sharp. Stay informed.📊
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