BitUnix analyst: Consumer confidence in the United States rebounded significantly in May, and risk appetite in the cryptocurrency market has increased. It is recommended to pay attention to bullish continuity and resistance level performance

According to BlockBeats, on May 28th, the US Consumer Confidence Index for May was released at 98.0, far better than the expected 87.1 and previous value of 85.7, marking the largest monthly rebound since December 2024. This strong rebound indicates a significant rebound in confidence, which helps to boost market expectations for an economic 'soft landing'. In line with the news of easing trade tensions between the US and Europe the day before, risk assets have risen across the board. However, looking back at the data from the past six months, only May saw a rebound, indicating that it is still necessary to observe whether the data is a short-term rebound or sustainable. BitUnix analysts suggest that this rebound in consumer confidence will help enhance market risk appetite in the short term and support the continued upward momentum of cryptocurrency assets. But we need to be vigilant about the technical pressure zone and potential callback risks. The short-term pressure on BTC is around $110800, and in the past, the rebound mostly stopped in this area, which is the core area of the long short battle. The support level at $108000 is the main bullish defensive zone in the past two days. If it falls below, it may trigger profit taking selling pressure and turn into a bearish structure.