Bitunix analysts: With rising inflation and increased geopolitical risks, BTC has retraced. According to BlockBeats, on July 15, Trump expressed feelings of "disappointment" towards Putin during an interview with BBC, warning that if Russia cannot reach a ceasefire protocol within 50 days, new tariffs will be implemented. The U.S. has also expanded military aid to Ukraine, raising the risk of escalation in the Russia-Ukraine war and increasing global geopolitical uncertainty. On the same day, U.S. June CPI is estimated to have increased by 0.3% month-on-month, driven by a rebound in oil prices and tariffs. Core CPI has also heated up, and market expectations for a Fed rate cut in the short term have cooled. According to CME data, the probability of a rate cut in September has fallen to 60%. In the crypto market, BTC has dropped from a high of 123,300 to a low of 116,227, and attention should be paid to whether the current price can regain upward momentum. Bitunix analysts suggest that BTC has completed a short-term liquidation after consecutive breakouts, and recommend watching whether it can hold the current short-term support at 117,000 - 116,300. If it breaks below, it may further test the 110,500 support. Given the macro pressures and fluctuating news, cautious operations should be adopted, waiting for a better entry point, and paying attention to the CPI data later, which may affect market sentiment.