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Bitunix Analyst: CPI Risks on Both Sides, BTC Consolidates in High-Density Supply Zone - Prioritize Risk Control and Partial Trading
Summary: According to reports, the market generally expects the July CPI to increase by +0.2% month-on-month and 2.8% year-on-year, with core CPI up by +0.3% month-on-month and 3.0% year-on-year. Regardless of whether the data is hot or cold, it may trigger different but equally intense market reactions, posing dual risks to stocks, forex, bonds, and risk ...
According to reports, the market generally expects the July CPI to increase by +0.2% month-on-month and 2.8% year-on-year, with core CPI up by +0.3% month-on-month and 3.0% year-on-year. Regardless of whether the data is hot or cold, it may trigger different but equally intense market reactions, posing dual risks to stocks, forex, bonds, and risk assets in the short term.
Bitunix analysts suggest:
BTC is in a clearly high-density supply zone between 120k-123k, with concentrated selling pressure above; secondary support is at 116k and 112k below. If there is no breakthrough in supply above without volume, it is likely to be rejected and fall back. If the data is cold (favorable for rate cuts), observe the trend of the US dollar and US bonds. If BTC breaks through the supply range with volume on the daily chart, it may open up a new round of upward space. If the data is hot (reducing the probability of rate cuts), and BTC encounters resistance at 120k-123k or loses the 117k daily line, it is more likely to experience a deeper pullback. If there is no clear direction, it is advisable to remain cautious or use small position options for hedging, strictly move stop losses, and pay attention to trading volume, DXY, and US bond yields as auxiliary confirmation indicators.
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Link: Bitunix Analyst: CPI Risks on Both Sides, BTC Consolidates in High-Density Supply Zone - Prioritize Risk Control and Partial Trading [Copy]
