BloFin Research|Jul 16, 2026 12:01
BTC knocking on $65K, ETH reclaiming $1900
TA: ETH just broke out of a W-bottom, surging 9%+ this week alone.
Next stop: the 200-day MA near $2,210, only 12% away. Reclaiming it would be the first real signal that the bottom is in.
The rally is real. Is it sustainable?
🟢 The fuel:
June CPI posted its first monthly decline since 2020, cooling beyond just energy and giving the Fed room to shift later.
🔴 The catch:
Kevin Warsh called it "one data point" and made clear the Fed is "not bailing out anybody, including crypto."
Full market brief 👉https://blofin.com/academy/market-brief/warsh-cool-cpi-bitcoin-sp500-rally(BloFin Research)
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