On May 28, the US Consumer Confidence Index for May was announced at 98.0, far better than the expected 87.1 and the previous value of 85.7, marking the largest monthly rebound since December 2024.
This strong rebound shows a significant recovery in confidence, helping to boost market expectations for an economic "soft landing". Combined with the news of easing trade tensions between the US and Europe the previous day, risk assets rose across the board. However, looking back at the data from the past half year, only May showed a rebound, indicating that it is still necessary to observe whether the data is a short-term recovery or sustainable.
Bitunix analyst suggests: This consumer confidence rebound will help boost market risk appetite in the short term and support the continued upward momentum of crypto assets. However, it is necessary to be wary of technical pressure zones and potential correction risks. BTC's short-term pressure is around $110,800, where past rebounds have often stopped, making it a core battleground for bulls and bears. The support is at $108,000, which is the main bullish defense zone in the past two days. If it breaks below this level, it may trigger profit-taking selling pressure and turn to a bearish structure.
