Overview of BTC.

News Background

✔️ Industrial and consumer inflation in the USA is decreasing according to the latest data. PMI has risen. The FOMC report said nothing new. We are expecting PCE tomorrow. Today is GDP.

✔️ The US Supreme Court has ruled Trump's tariffs illegal. The administration has filed an appeal. It is still not over. Plus, remember that in July, if it is possible to prove that the tariffs are legal, the pause in their introduction for the EU and China will expire. It will be interesting.

✔️ Conflicts. Still sluggish.

✔️ The rate will likely remain at the current level. This is not very good for crypto. At least nothing in the documents and expectations indicates that it will be lowered, but we are waiting for news.

Technical Analysis.

1️⃣ 118,200. Target for a super movement, if everything goes well. The target appeared as the fifth classic wave.

2️⃣ 114,500. A slightly more likely option. It could still be tapped by Bitcoin when it exits the flat.

3️⃣ Flat. The most likely option for today. Moreover, it will gradually be pulled towards correction. Do not pay too much attention to the appearance of line 3 on the chart - it can vary. Only the boundaries are clear: the range of 106 - 112k allows for spikes up and down. The most likely option until Monday, June 2.