Bitunix Analyst: Rising inflation + increasing geopolitical risks, BTC pullback

BlockBeats news, on July 15, Trump expressed disappointment towards Putin in an interview with BBC and warned that if Russia cannot reach a ceasefire agreement within 50 days, new tariffs will be implemented. The U.S. side also expanded military aid to Ukraine, raising the risk of escalation in the Russia-Ukraine war and increasing global geopolitical uncertainty. On the same day, U.S. June CPI is estimated by scholars to have increased by 0.3% month-on-month, driven by the rebound in oil prices and tariffs. Core CPI also warmed, and market expectations for the Fed to cut interest rates in the short term have cooled. According to CME data, the probability of a rate cut in September has dropped to 60%. In the crypto market, BTC has fallen from a high of 123,300 to a low of 116,227, and attention should be paid to whether the current price can regain upward momentum. Bitunix analysts suggest: BTC has completed short-term liquidation after consecutive breakthroughs, and it is recommended to pay attention to whether it can maintain the current short-term support of 117,000 - 116,300. If it breaks below, further testing of the 110,500 support may occur. Under macro pressure and repeated news, conservative operations should be adopted, waiting for a better entry point, and paying attention to the CPI data later that may affect market sentiment.