Bitunix Analyst: PPI unexpectedly higher than expected; BTC short-term decline and stabilizing at 117,900, still need to pay attention to pullback risks.

According to BlockBeats news, on August 15, the U.S. July PPI increased by 0.9% month-on-month and 3.3% year-on-year, with service and trade profits driving prices, while interpretations of the significant interest rate cut probability in September vary; Treasury Secretary Besant’s remarks about ‘neutral interest rates’ intensify policy uncertainty. The risk appetite for encryption is suppressed, with the trend shifting to a range. Bitunix analysts suggest that BTC’s daily chart previously broke through the downward trend line, peaked at 124.5k, and then fell back, currently priced above 119k, with 116,300 being the daily chart’s dividing line for bulls and bears; the heat map shows 119,625, which has a ‘magnetic’ effect, with supply concentrated at the upper edge of 124,600–126,800. Range trading amidst policy noise. In the short term, attention can be paid to 119,625; if the market accepts it, a test of the liquidation zones at 120,800 and 124,600 is expected; if pressured repeatedly, the focus may fall back to 117,900 and 115,000.