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Bitunix Analyst: Inflation Rising + Geopolitical Risks Increasing, BTC Falls
Summary: According to reports, Trump expressed disappointment with Putin during a BBC interview and warned that if Russia fails to reach a ceasefire agreement within 50 days, a new round of tariffs will be imposed. The US has also expanded support for Ukrainian troops, escalating the risk of conflict between Russia and Ukraine, leading to increased ...
According to reports, Trump expressed disappointment with Putin during a BBC interview and warned that if Russia fails to reach a ceasefire agreement within 50 days, a new round of tariffs will be imposed. The US has also expanded support for Ukrainian troops, escalating the risk of conflict between Russia and Ukraine, leading to increased global geopolitical uncertainty.
On the same day, US June CPI is estimated to increase by 0.3% due to rebounding oil prices and tariff pressures. Core CPI is also rising, dampening market expectations for a Fed rate cut in the short term. According to CME data, the probability of a rate cut in September has dropped to 60%.
In the crypto market, BTC has dropped from a high of 123,300 to a low of 116,227. It is important to watch whether the current price can regain upward momentum.
Bitunix analyst suggests:
After completing a series of breakthroughs, BTC has undergone short-term liquidation. It is recommended to focus on whether it can hold the current short-term support at 117,000 - 116,300. If it falls below or further tests the 110,500 support, caution is advised. Given the macro pressure and fluctuating news, conservative operations are recommended, waiting for better entry points and paying attention to later CPI data that may impact market sentiment.
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Link: Bitunix Analyst: Inflation Rising + Geopolitical Risks Increasing, BTC Falls [Copy]
