As the #CPI result comes in a little bit hotter than expected again, it comes again as a mixed signal for the market here.
And also, it doesn't guarantee us a rate cut in July with inflation is arising a little bit in June.
The reason of why $BTC dropped earlier was because people were derisking from the position, waited for the #CPI release.
I think, it's more of nothing burger and the note of the rate cut is still the same, uncertain.
Most likely, we will see $BTC to consolidate around this area with max pain of correction to the green support zone ($112k).
