CPI misses expectations, the probability of a rate hike falls—US-Iran tensions escalate; be cautious about chasing higher! 7.14 evening BTC/ETH thoughts

CPI came in below expectations, reducing the probability of a rate hike in July. Internationally, the U.S. military launched airstrikes on Iran for the third consecutive night. Trump previewed that it would strike Iran’s most fortified underground nuclear facility, “G. Mountain,” and at the same time told the media that “a deal is still possible.” The Revolutionary Guards have retaliated against U.S. bases, and the Houthis fired missiles at Saudi Arabia, ending the four-year ceasefire. BTC and ETH turned upward again, and the bears did not continue—short positions with stop-loss were swept entirely, forcing them to take profit!

At present, the bulls are still weak, and this week’s spot ETF fund flows have seen significant outflows. Conan believes the bulls are hard to sustain, so the evening plan keeps the same idea of maintaining the rebound and then shorting!

**7.14 evening short setup:**

BTC on the rebound, short one at 64,000-64,500; defend around 65,500. Targets: 63,000-62,500-62,000. If it breaks through, watch 61,000-60,500-60,000. Keep trailing the stop-loss and take profit as conditions allow!

ETH at 1,830-1,860 continue short; defend around 1,900. Targets: 1,770-1,730-1,700. If it breaks through, watch 1,650-1,630-1,600. Keep trailing the stop-loss and take profit as conditions allow!

**7.14 evening long setup:**

BTC pullback, long one at 60,000-60,500; defend around 59,000. Targets: 61,500-62,000. If it breaks through, watch 62,500-63,000.

ETH pullback, long one at 1,600-1,630; defend around 1,570. Targets: 1,650-1,700-1,720. If it breaks through, watch 1,750-1,780.

With the probability of a rate hike falling, it’s an indirect positive for the investment market. But with US-Iran tensions this intense, the bulls are too hard to sustain—so don’t chase longs. Shorting at higher levels may give you a chance to take a big profit!