Last night, the June CPI data came in across the board below expectations. Market worries about a July rate hike eased significantly, directly driving BTC to break above 64K. Currently, on the four-hour timeframe, price is in a high-level consolidation after the breakout. In the short term, pay attention to gains and losses at key levels; until price has clearly moved out of the range, treat it as “sell the highs and buy the lows.” Also, watch the overhead resistance near 64900–65300 and try to get in around that area as well, since this is also a prior period of densely positioned funds. In the short term, there is pressure for profit-taking and a pullback—watch support near 63300–64000.