as this could indicate a false breakout. The overall market sentiment remains cautious with a risk-off tone, as highlighted by the negative performance of risk assets and traditional markets. Traders and investors are closely monitoring key economic data releases and events, such as the U.S. Department of the Treasury’s Monthly Treasury Statement report and the U.S. Bureau of Labor Statistics’ PPI data, for further insights into the macroeconomic environment. Additionally, upcoming token launches and governance votes in the crypto space are also attracting attention. It will be interesting to see how the market reacts to these developments in the coming days and weeks.
