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PPI Comes in Cool But Don’t Expect $BTC to Fly July PPI came in at 0% MoM vs. 0.2% expected, while core PPI was 0.2% vs. 0.3% expected. That’s positive for risk assets, but I don’t see it as a breakout catalyst. The inflation story is already priced in after CPI. PPI simply confirms that producer inflation isn’t accelerating. For $BTC, I’m watching $64K–$64.5K closely. A test is possible, but without strong volume, rejection remains likely. $ETH is in a similar position, with $1,900 still acting as an important hurdle. The real catalysts remain: • Strong ETF inflows • Dovish Fed signals • Higher risk appetite from U.S. equities For now, I’m cautiously bullish, not blindly bullish. Good data can remove selling pressure — but it doesn’t automatically create new buyers. $BTC $ETH #CPIPPIEaseFedSplit #AIInfraEarningsWatch #SpaceX99%ValueFromAI