BlockBeats news, on August 12, the market generally expects July CPI to rise +0.2% month-on-month and +2.8% year-on-year, with core CPI expected to rise +0.3% month-on-month and +3.0% year-on-year. Regardless of whether the data is 'hot' or 'cold', it may trigger different but equally intense market reactions, posing dual risks to stocks, foreign exchange, bonds, and risk assets in the short term.
Bitunix analyst suggests: BTC 120k–123k is a clearly high-density supply zone, with selling pressure concentrated above; 116k and 112k below are secondary support levels. If there is no significant breakout with volume above the supply, it is likely to be rejected and fall back. If the data is on the cooler side (positive for interest rate cut expectations), one should observe the trends of the US dollar and US Treasury yields. If BTC sees increased volume on the daily chart and breaks through the supply zone, it may open up new upward space. If the data is on the hotter side (compressing rate cut probabilities), and BTC encounters resistance at 120k–123k or loses the daily support at 117k, a deeper correction is expected. In the absence of a clear direction, one may remain cautious or use small position options for hedging, strictly move the stop loss, and pay attention to trading volume, DXY, and US Treasury yields as auxiliary confirmation indicators.
