20/07/26 Weekly OutlookBitcoin / TetherUSBINANCE:BTCUSDTProR35Last weeks high: $65,597 Last weeks low: $61,829.18 Midpoint: $63,713.09 BTC price action from the previous week has placed the asset in a clear rangebound environment. It's also clear that the highs are getting lower and the lows are getting higher, leading to a coiling structure which tends to lead to an explosive move. Looking at the macro, the June CPI on July 14 was the big relief. Headline inflation fell to 3.5% from May's 4.2%, undershooting the 3.8% forecast and marking the lowest annual reading since early 2020, with core flat on the month. That collapsed July rate-hike odds to roughly 7% (from 34%) and cut 2026 hike odds to ~53%, with CME FedWatch now pricing ~85% for a hold. Brent above $85 with the Strait of Hormuz shut keeps inflation risk alive. Bull case: Holding the $63,713 midpoint, a reclaim of $64,655 and the $65,597 weekly high opens the $67k resistance cluster into a dovish-hold Fed. Bear case: The war backdrop continues with rising oil and a cautious FED drag price back toward the $61,829 weekly low with $58,000 major support the next retest.