Pal BTC Daily Market Report — 7.15 Chart 1: Daily Chart 1) Last night’s CPI data was positive, finally pushing upward to raid 647. Currently, it’s consolidating around 647. If it moves further up, it will raid 656 and then test the bearish OB at D. So now the question is whether it will drop directly from here or test the bearish OB at D first before dropping. Of course, some might ask, what if it breaks through the bearish OB at D? If it breaks, that’s a daily MSB, signaling the end of the downtrend. In that case, look for a pullback and go long. 2) If it drops, 612 IDM is waiting to be raided. If it tests the bearish OB at D first before dropping, I think the probability of raiding 612 is higher. If it drops directly from here, pay attention to whether it will fill the gap below before testing 656 again. Chart 2: Hourly Chart 1) It’s been consolidating here for a day now, and tonight we have PPI data. If it can hold above 647, there’s a chance it could raid further upward. 2) For higher certainty in going short, it’s better to wait for a break below 642 MSB, then look for a pullback before shorting.