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BTC's short-term trend shows signs of a double bottom, with strong support near 66k, and the overall trend still maintains a bullish pattern! Recently, the pullback of altcoin assets has been significant, and with the passage of time, everything will slowly improve, but the premise is that you must persevere!
On the data front, the data released by the US Bureau of Labor Statistics on Thursday showed that the annual PPI for May was 2.2%, lower than the expected 2.50%. The producer price index (PPI) fell to its largest level in seven months, indicating that inflationary pressures in the United States are easing, which will accelerate future interest rate cuts!
The US stock market closed mixed on Thursday, with the Dow Jones Industrial Average falling for the third consecutive day. The Nasdaq and S&P 500 both recorded their fourth consecutive day of gains and reached new all-time highs!
#BTC #ETH