Bitunix Analyst: Rising Inflation and Heightened Geopolitical Risks Lead to BTC Pullback

BlockBeats News, July 15 — In a BBC interview, Trump expressed "disappointment" with Putin and warned that if a ceasefire agreement is not reached within 50 days, a new round of tariffs will be imposed on Russia. The US has also expanded military aid to Ukraine, escalating the risk of intensifying the Russia-Ukraine war and increasing global geopolitical uncertainty.

On the same day, US June CPI is estimated by scholars to rise 0.3% month-on-month, driven by a rebound in oil prices and tariffs. Core CPI is also heating up, dampening market expectations for a near-term Fed rate cut. According to CME data, the probability of a rate cut in September has dropped to 60%.

In the crypto market, BTC has fallen from a high of 123,300 to a low of 116,227. Watch to see if the current price can regain upward momentum.

Bitunix analysts suggest:
BTC has completed a short-term liquidation after consecutive breakouts. It is recommended to monitor whether the current short-term support at 117,000 - 116,300 can hold. If it breaks below, it may further test the 110,500 support. Given the ongoing macro pressures and volatile news, a conservative approach is advised—wait for a better entry point and pay attention to the upcoming CPI data, which may affect market sentiment.