Cooling CPI improved the macro backdrop for $BTC , while the market had already priced in much of that outcome before the release. July CPI came in around expectations, with headline inflation at 3.4% and core inflation at 2.5%. That gave traders some macro relief, while Bitcoin stayed inside the same range. The main thing I’m watching now is demand. Spot buying remains soft, ETF flows have been inconsistent, and BTC is trading around the $63K area with plenty of supply sitting above the current price. For me, the next breakout depends on fresh buyers stepping in. Stronger spot demand, improving ETF flows and enough buying pressure to push through the current resistance zone would give $BTC a much stronger setup for the next move.