Bitunix analyst: CPI in line with expectations cannot hide potential pressure, BTC oscillates back to test key support

On July 16, the US June CPI month-on-month rate was announced at 0.3%, in line with expectations. The year-on-year rate rose to 2.7%, mainly driven by food and energy prices. Core CPI increased by only 0.2% due to declines in new car, airline ticket, and accommodation prices, indicating that overall inflation pressure remains subdued. However, BlackRock warns that the price increases brought by tariffs have not yet been fully reflected, and inflation may remain high in the future as corporate inventories are depleted, putting pressure on the Federal Reserve's monetary policy. The market still expects a potential rate cut in September, but the Federal Reserve's attitude is becoming more cautious. Bitunix analyst recommends: BTC is currently in a volatile pattern intersecting high inflation expectations and rate cut anticipation. Short-term conservative operation is advised, with the $116,300 area still providing support. If this level is broken, wait and observe. If bulls can break through the $118,500 resistance, they may be able to reverse the weak trend. Short-term high chasing is not recommended, and it is advisable to wait for a clear signal of capital inflow.