Three Fed members voted for rate hikes in July. Core inflation remains sticky at 3.3%. Inflation reports Wednesday and Friday could pressure risk assets if prints come in hot.
Bitcoin has tested $65,000 multiple times this week. This is a psychological and technical resistance level. A sustained break above $65,500 could unlock a run toward $66,000–$67,000.
If Bitcoin breaks below $63,500, the next support is $62,000–$62,500. A close below $62,000 would signal a deeper pullback toward $60,000.
Ethereum opened Tuesday at $1,871, down 2%. It typically trades with a 1.5–2.0x beta to Bitcoin, meaning if Bitcoin rallies $1,000, ETH usually gains $1,500–$2,000.
A dovish CPI/PCE (cooler inflation) Friday could push Bitcoin through $65K and toward $66K by week-end. A hawkish miss (hotter inflation) likely sends Bitcoin back to $62K–$63K support.
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