$BTC 7.14 Crypto market quick report

The US’ major June CPI data released in the evening landed with impact: overall inflation year-on-year fell to 3.9%, but core inflation remains sticky at 2.9%, above the Fed’s 2% target. Ahead of the release, the market took precautionary steps, with BTC dropping to around $61,900. The 24-hour decline is nearly 3%. ETH also moved lower in tandem, most major altcoins weakened, and long positions across the market were concentrated liquidated with stop-losses, with volatility on the board increasing.
Fed Governor Waller sounded a hawkish tone, saying if inflation stays stubbornly persistent, a restart of interest rate hikes this year can’t be ruled out. The expectation for a July hike has risen to 45%. US Treasury yields and the US dollar strengthened in parallel, weighing on crypto assets. In the fund flow, BTC spot ETFs reversed from inflows to net outflows of $424 million again, and institutional wait-and-see sentiment remains strong. MSTR’s latest disclosure shows it did not add BTC last week. It replenished cash flow by issuing more shares, but the long-term pressure from high preferred stock dividends remains, continuously limiting upside room.
On geopolitics, the situation in the Middle East remains tense, and crude oil is still ranging at high levels, continuing to suppress risk appetite. On the technical chart, key support is 61,000 and resistance is 63,800. In terms of strategy, volatility is amplified around the time CPI is released; keep leverage tightly controlled and don’t rush into bottoms. With resistance weighing on rebounds, keep position size small for short exposure; only if it holds the 63,000 level can sentiment be repaired. Tomorrow’s US House hearing will continue to stir the market, so stay cautious.
Risk warning: Crypto assets are extremely volatile. This content is for informational reference only and does not constitute investment advice.