BIT Official: Tonight's CPI Data May Determine Bitcoin's Next Major Trend

Golden Finance reported on July 14 that BIT Official released its daily chart analysis, stating that current market pricing indicates the Federal Reserve is expected to raise interest rates 2.6 times over the next few quarters, marking a significant reversal from the rate-cut expectations at the beginning of 2023 that fueled Bitcoin's fifth bull market. Since September 2025, market expectations have consistently shifted toward tighter monetary policies, exerting significant downward pressure on Bitcoin and other crypto assets. Federal Reserve Governor Christopher Waller also stated that the Fed is at a policy crossroads, with his remarks leaning hawkish. As such, tonight's CPI inflation data will be crucial for Bitcoin's trajectory. If the inflation reading exceeds 4.0%, it is highly likely to reinforce expectations of continued rate hikes, further intensifying downward pressure.