On July 14, Federal Reserve Chairman Powell is facing dual pressure from inflation and a weak job market. If no TACO (Trump always chickens out) appears on August 1, companies may gradually raise prices due to profit compression, forming a delayed inflation risk. A former Federal Reserve official stated that premature interest rate cuts could lead to uncontrolled inflation expectations, while continued rate hikes might trigger financial market volatility, putting the Federal Reserve in a dilemma. In the crypto market, sentiment is high, with BTC continuing its strong breakthrough to $122,370, experiencing an explosive rise after a period of consolidation. Over the past 24 hours, a large number of short positions have been liquidated, with the next potential liquidation pressure zone falling between $125,200–127,000.
Bitunix analyst recommendations:
Currently, BTC has consecutively broken through multiple high-density short position areas, with market sentiment leaning bullish. However, the risk of chasing at high levels has increased. Short-term advice is to wait for a pullback to the $119,800–121,000 support zone for confirmation. If successfully breaking through $125,000, it will challenge the resistance zone above $127,000. Maintaining a medium-term bullish outlook, focusing on the CPI data to be released on July 15.
