Next week set the macro tone for Bitcoin and gold. Next week brings June CPI, PPI, Michigan inflation expectations, and Fed Chair Kevin Warsh's first semiannual testimony to Congress. The market is still looking through the Hormuz shock. Oil fell despite renewed ceasefire tensions because traders expect broader escalation might be contained. The key event is CPI. Consensus expects headline inflation to ease to 3.8% YoY (from 4.2%), with core edging down to 2.8%. A softer print would likely ease yield fears and support both Bitcoin and gold. A hotter CPI, or a hawkish tone from Warsh, could push yields and the dollar higher, creating a tougher backdrop for both assets.(BloFin Research)