$BTC CPI eve: If evening data comes in below expectations, BTC could enter a rebound window
BTC has been under pressure for three straight days, sliding from above $64,300 to around $62,200. The 24-hour drop is 3.04%, and ETH is falling in tandem to $1,769. The 4-hour Bollinger lower band has already been breached; the MACD lines continue to drift lower, and downside momentum shows no signs of exhaustion. The total long-and-short liquidations across the market reached $377 million, with about 90,000 traders being liquidated.
Why is it down? Two core factors stacked together.
First, geopolitics is escalating. The U.S. launched airstrikes on Iran for the third consecutive night. Trump announced the restoration of the U.S.-Iran naval blockade and proposed a 20% toll on all cargo through the Strait of Hormuz. Brent crude surged 9.6% in a day to $83.30. Soaring oil prices are lifting inflation expectations, and the probability of a rate hike in July has climbed to nearly 50%.
Second, sentiment ahead of the CPI is cautious. Ahead of the data release, capital is generally reducing positions to hedge risk, leaving long positions continuously being liquidated and spot buying demand weak. Bitcoin’s panic selling appears to be nearing its end: June’s average daily net sales are about 2,000 BTC, while in July this has slowed to just 53 BTC.
Tonight’s CPI is the biggest variable. The market expects June CPI YoY to fall from 4.2% to 3.8%, and overall CPI may record its first month-on-month decline since 2020. If the data comes in below expectations, the U.S. dollar could weaken and rate-hike expectations cool, giving BTC a chance for a breather-style rebound. If the data is above expectations, BTC may continue to face pressure and test $61,000—and even $60,000.
Key levels to watch: Resistance at $62,700–$63,000. If price regains and holds there on increased volume, the short-side structure may loosen. Support is at $61,800–$61,000; losing it could open the door to deeper downside.
My personal bias is a rebound after tonight’s data is released, but the premise is that CPI is indeed below expectations. Until the direction is clear, I won’t chase either side—wait for CPI and the 22:00 U.S. hearing to land before taking action.
#BTC走势分析 #CPI #美伊冲突