$BTC 8.13 Crypto Market Analysis ⚠️Risk warning: Cryptocurrencies are highly volatile. This content is for market reference only and does not constitute investment advice. Contracts with high leverage can easily result in liquidation** BTC is currently at $63,600. After previously coming under pressure at the $65,000 level, the price has continued moving downward to test the support range. Short-term bullish momentum continues to weaken, the market’s center of gravity is gradually shifting lower, selling pressure continues to be released, and support at lower levels remains weak. ETH has likewise fallen to $1,855, tracking BTC in weak trading and lacking an independent rebound; market sentiment continues to cool, major cryptocurrencies are adjusting in tandem, selling pressure on altcoins continues to emerge, risk aversion among market participants is rising, and the market remains in a stock-based trading environment. Trading volume on the capital side remains sluggish, with strong wait-and-see sentiment among incremental funds. Spot ETF fund flows continue to fluctuate, while institutions show limited willingness to launch aggressive buying. At the macro level, the market continues to debate the pace of Federal Reserve rate cuts. Fluctuations in Treasury yields continue to suppress risk-asset valuations, and various news events can easily trigger rapid intraday wicks, intensifying market volatility. Key levels: BTC resistance at 64,300 and 64,900, support at 63,000 and 62,400; ETH resistance at 1,890, support at 1,810 Trading strategy: The market is in a relatively weak short-term adjustment phase, so blindly buying the dip is strictly prohibited; holders can reduce positions in batches based on rebound highs, while spot traders should remain on the sidelines and wait for stabilization signals; strictly control leverage in contracts and exercise caution when opening positions near upper resistance zones; avoid altcoins as much as possible as risks are increasing, and continue to monitor whether key support levels below can hold.

Bitcoin underwent a round of upward rebound early in the morning, gradually rising from 63346 to 63698 before coming directly under pressure and falling back. Ethereum was in a volatile situation early in the morning, with the overall market trend relatively flat. Judging from the current four-hour chart, both Bitcoin and Ethereum are showing relatively volatile movements, while overall market fluctuations remain limited. More of the trend will emerge around midday. The broader market is near the lower Bollinger Band, continuously probing for support points for a rebound, which shares some similarities with yesterday’s daytime trend. More attention should be paid to the rhythm of the overall trend and the remarks from FOMC voting members tonight.#GateLaunchpool瓜分141万枚DOS #Gate多项交易指标全球Top4 #7月CPI符合预期

$BTC # July CPI Comes in Steady, September Rate-Hike Expectations Cool July CPI and core CPI matched market expectations exactly. Inflation eased slightly, and following earlier weakness in nonfarm payrolls, markets quickly cut the odds of a September rate hike, temporarily improving sentiment toward risk assets. However, the data only ease the Fed’s short-term tightening pressure; they do not mean the rate-hike alert is fully off. The data show that inflation is declining slowly, while housing services remain its main support. Core CPI still has a significant gap to the 2% policy target. Geopolitical tensions continue to roil oil prices, so the risk of an external inflation rebound has not disappeared. Hawkish Fed officials still insist on keeping the option of a rate hike open. The market can easily fall into a misconception: cooling rate-hike expectations ≠ an immediate shift toward easing. Under the baseline scenario, the probability of a September pause has risen significantly, but policy adjustments remain possible in November. This inflation reading merely “matched expectations” rather than coming in well below them, so it is insufficient to support a sustained easing trade. U.S. Treasury yields and the dollar may see only a volatile recovery, making a one-way decline unlikely. At the asset level, growth sectors and crypto assets are receiving a short-term, liquidity-driven boost in sentiment, but the rally’s durability is limited. The two key areas to watch are officials’ remarks at the Jackson Hole annual meeting and the August CPI data. If inflation rises again next month, rate-hike expectations will quickly return. It is unwise to chase this sentiment-driven rebound too aggressively; it is better viewed as a volatile recovery. The policy-bargaining window remains open, and macro volatility will continue to disrupt markets. Staying cautious and validating developments step by step is the more prudent approach.