Will the Rally Continue? Here Are the Levels to Watch. The U.S. CPI data, which was expected to decline due to seasonal factors, came in significantly lower than forecasts. While a monthly decline of 0.1% was anticipated, the actual drop was 0.4%, reinforcing the perception that the Fed is unlikely to raise rates in the near term. Given the lackluster outlook for employment, pressure may also mount on hawkish Fed members. This positive sentiment triggered a modest increase in risk appetite. Although this wave of optimism fueled a rally in Bitcoin, the current upward momentum appears limited due to selling pressure around the $64,500–$65,570 range in dollar terms. Clarity ACT remains on the agenda. A call was made to pass the bill in memory of Senator Graham, a key supporter of Trump’s proposal, who passed away last week. This appeal, which appears far from rational, had no noticeable impact on Democratic senators. If the bill is not approved within the remaining 20 working days before the summer recess begins on August 7, the process could be further delayed. There is still no sign of even minor consensus in the texts of the Banking and Agriculture committees. The $64,500 resistance level was tested but not broken. Selling pressure observed in yesterday’s 4-hour candles pulled the price back toward the $64,160 support zone. If selling pressure intensifies, the next support level to watch is $63,190. Should this level be breached, support levels at $62,223, $61,879, and $60,714 could come into focus. If buyers regain strength, resistance levels to watch are $64,500, $65,568, and the primary resistance at $67,290.