Bitcoin ($BTC) might roll up to the 64-66 range this time. Macro analysis: Back in mid-June, it didn’t break past 67 and got pushed back again. If we’re talking about the current macro environment compared to mid-June, it might be slightly better, but it still needs observation. Especially with inflation being the market’s biggest concern. June’s CPI will be released on Tuesday the 14th, so there might be another wave of risk-off sentiment before the announcement. As of now, the expected value hasn’t been released yet. The talk of rate hikes hasn’t decreased much either. Although oil prices have been dropping steadily recently, the market—and us—still need to look at the data. This weekend, the U.S. and Iran didn’t continue their back-and-forth verbal sparring, and WTI oil prices are fluctuating around 68-69. Tomorrow’s U.S. stock market opening might be slightly better, which could give Bitcoin a little boost. But from 585 up, based on past patterns, a 10-point move would bring it to around 64-65. After all, the macro environment still requires a wait-and-see approach—it’s far from the point of reversal. We’ll also need to keep an eye on U.S.-Iran negotiations, particularly the situation in the Strait of Hormuz. To put it simply, we need to observe inflation data for another 1-2 months to see how things unfold. Only when rate hike expectations shift to rate cut expectations will there be something worth looking forward to. DYOR