8.13 BTCÐ Evening Market Analysis and Outlook The 4-hour timeframe is range-bound. The rebound is facing resistance at 64500-64800, with multiple rallies followed by pullbacks and clear selling pressure above; 63000 is the short-term lifeline. Holding this level will maintain the range, while a decisive break below it would weaken the short-term trend. ETH has greater volatility than BTC and is moving in tandem with Bitcoin. The 1900 level is being repeatedly contested. The spot ETF has brought in some buying, but 1950-2000 is a strong resistance zone, making pullbacks likely after rallies. Evening trading suggestions: Bitcoin: Go long in the 63500-63000 range, targeting around 64300-65300 ETH: Go long in the 1865-1845 range, targeting around 1910-1935 Life is like a cup of plain water that you drink every day. Do not envy the colorful drinks others have; they may not quench your thirst as well as your plain water. Life is not about living according to your mood, but about living with the right mindset. Adjust your mindset and look at life—sunshine is everywhere. #GateLaunchpool瓜分141万枚DOS $BTC $ETH

#JulyCPIInLineAsInflationCools US July CPI: No Shock, No Breakout — The Fed Is Still the Real Catalyst July’s U.S. inflation report delivered exactly what markets were prepared for: cooling inflation, but no dramatic surprise. Headline CPI eased to 3.4% year over year from 3.5% in June, while monthly inflation increased just 0.1%. Core CPI, excluding food and energy, rose 0.2% month over month, bringing the annual core rate down to 2.5% from 2.6%. At first glance, this looks bullish for risk assets. But markets are rarely driven by whether data is simply “good.” They are driven by the gap between expectations and reality. And July’s number largely matched expectations. That explains the muted crypto reaction. Bitcoin initially moved toward $64K, while Ethereum pushed higher and several altcoins outperformed. But the first reaction quickly lost momentum, with BTC returning toward the $63K area. The message from the market was clear: Inflation is improving, but the data was not strong enough to create a new monetary-policy narrative. The Fed Equation The most important implication is what the CPI report does to the Federal Reserve’s next decision. A softer inflation trajectory reduces pressure for additional tightening and keeps the door open for a more stable rate environment. For Bitcoin and other non-yielding assets, that matters because higher rates increase the opportunity cost of holding risk assets. But investors should not confuse less tightening pressure with immediate monetary easing. That distinction is critical. The Fed still has to balance inflation against employment, economic growth and financial conditions. Until policymakers provide a clearer signal, markets are likely to remain highly sensitive to incoming data. Why BTC Couldn’t Hold the Bounce The answer is simple: the bullish information was already largely priced in. When traders expect a soft CPI print and receive exactly that, there is little new information left to chase. This is why the post-CPI move was relatively controlled rather than explosive. In fact, that behaviour may be constructive. A mature market does not need to rally aggressively every time inflation falls slightly. Instead, capital begins waiting for stronger confirmation before committing aggressively. The Bigger Risk-Asset Picture Crypto is also dealing with forces that CPI cannot solve. Regulatory uncertainty, cautious institutional positioning, geopolitical tensions and uneven liquidity continue to influence risk appetite. Gold’s stronger reaction compared with Bitcoin also highlights an important distinction: macro uncertainty can support defensive assets while simultaneously limiting speculative positioning. Altcoins are telling an even more interesting story. While BTC remained relatively contained, several names produced significantly larger moves. That suggests capital is rotating toward asset-specific catalysts rather than blindly following the macro trend. What Comes Next? The next major battlefield is the September Federal Reserve meeting. Between now and then, traders will be watching: • Employment data • Shelter inflation • Core inflation momentum • Consumer spending • Financial conditions • Global geopolitical developments If inflation continues cooling while employment remains resilient, markets could increasingly price a more supportive policy environment. But if inflation reaccelerates or the Fed signals renewed tightening pressure, crypto could quickly lose its recent stability. Bottom Line July CPI removed another piece of inflation anxiety—but it did not deliver the catalyst for a major crypto breakout. For now, Bitcoin’s $63K–$64K zone remains a key area to watch. The market has already heard the inflation message. Now it wants to hear what the Fed intends to do with it. CPI can change expectations. The Fed changes liquidity. And liquidity ultimately decides how far the next crypto move can run. $BTC ‌$ETH ‌[@Gate_Square](gt://mention/UlVAVVpbAwsO0O0O) #JulyCPIInLineAsInflationCools

Recently, XAU has been completely under my control Whether it rebounds or pulls back, I handle it with ease For now, I’m still giving it 88 points of room for a pullback For me, I never miss an opportunity I can seize. Precision and stability are my trademarks. My longtime followers who follow me regularly should be well-fed by now, right? 😁 $BTC #Gate7月透明度报告发布