Bitunix Analyst: BTC Breaks $122K Amid Inflation and Tariff Concerns, Next Resistance Zone Above $125K

According to Followin, July 14 - Federal Reserve Chair Powell faces mounting pressure from persistent inflation and a softening labor market. If no TACO ("Trump always chickens out") scenario materializes by August 1, corporate profit pressures may trigger widespread price hikes, potentially fueling delayed inflation. Former Fed officials warn that premature rate cuts could unleash uncontrolled inflation expectations, while further hikes risk financial market instability - leaving the Fed in a policy dilemma.

The crypto market remains buoyant, with BTC extending its rally to $122,370 following a consolidation breakout. The past 24 hours saw massive short liquidations, with the next potential liquidation cluster forming at $125,200–127,000.

Bitunix Suggestions:
While BTC has consecutively breached multiple high-density short zones, creating bullish momentum, elevated prices warrant caution. Short-term traders should await a pullback to test $119,800–121,000 support. A confirmed break above $125,000 would target the $127,000+ resistance zone. Maintain medium-term bullish outlook, with critical focus on July 15 CPI data release.
Bitunix analysts recommend:
At present, BTC has broken through several high-density short-order areas in succession, and the market sentiment is bullish, but the risk of chasing high prices has increased. In the short term, it is recommended to wait for the support of $119,800-121,000 to be confirmed. If it successfully breaks through $125,000, it will challenge the upper pressure zone of $127,000. In the medium term, the bullish view is maintained, and the CPI data to be released on July 15 is paid attention to.