7.13 Monday BTC morning outlook

Bitcoin current price is 63,500–63,800, down slightly 0.56% over the past 24 hours. It is trading in a tight range of 63,500–64,231 with narrow fluctuations. The weekly chart closed up slightly, trading volume has shrunk, and market sentiment is heavy with anticipation, as everyone waits for the US June CPI data to provide direction.
Macros: expectations for rate cuts have been heating up after weak non-farm payrolls, but the Fed minutes were hawkish, which has weighed on the bulls. BTC spot ETF flows have been fluctuating, with institutions mainly doing staggered low buys. Long-term whales continue accumulating coins, providing support for the trend; the rebound from the lows is up more than 10%.
Technically, indicators are neutral and sticking together; the Bollinger Bands are tightening, gathering strength and waiting for a breakout. Short-term resistance is 64,300–64,500; medium-term strong resistance is 65,800–66,000. Short-term support is 63,500. The watershed between bulls and bears is 61,500—if it breaks, the rebound ends and the market returns to a weak bias.
Trading idea: on a rebound, look at 63,800–64,200, target 62,600; if it breaks, then look at 61,500 $BTC $ETH $SOL