7.16 Thursday midday market analysis

The CPI pulled a wave the day before yesterday, and last night the PPI data kept the momentum going a little—BTC surged above 65,500, but that’s about it. After rising by less than 1,000 points it started to fall back; now it’s retracing to around 64,400. After ETH pushed above 1,940, it couldn’t hold either, and it has fallen back to around 1,910. This rebound is clearly lackluster: the strength of the bulls is fading, and the news backdrop isn’t optimistic either.
ETFs have continued to see net outflows. In June alone, cumulative outflows hit $4.5 billion, the worst single month performance in history. A “whale” sold $4.3 billion in a single day. Long-term holders are losing $280 million per day, with supply and demand severely out of balance. On geopolitics, Trump hinted that military action against Iran could be expanded; US stock chip shares took a collective hit, with the Philadelphia Semiconductor Index down more than 3%. Overall, the broader environment is bearish.
On the chart, it’s more direct: BTC attempted to break above 65,500 twice but couldn’t stay up, and sell pressure is obvious. FOMO chasing funds didn’t keep up. ETH is also moving weaker in sync, and 1,950 is being capped tightly. In the short term, sideways-to-downward is favored; rebounds are opportunities to go short.
BTC trading advice: short in batches around 65,000–65,500, take profit at 64,400, and if it breaks down then look for 63,500. Stop loss above 66,000
ETH trading advice: short around 1,930–1,950, target first at 1,880, and if it breaks down then look for 1,830. Stop loss above 2,000