CPI Drops to 3.5% But Warsh Shocks Wall Street: What Happens Next?

On Bitcoin

Changed since their last video: days flipped down to up; months moved up to sideways.

Views

• Next days (next 1–7 days): Leans up (timeframe is our reading): So, I do think Bitcoin will hit around there, and probably pull back as well in the short term. ▶ 05:37 Said again while their call of 8 Jul 2026 was open, so it counts once; that call was right: 61.7k when said, 65.4k on 15 Jul 2026 (+6.0%).
• Next months (next 2–6 months): Sideways: I still think that we're going to be hanging around this uh you know, these regions going into end of summer ▶ 12:03 The call was open until 11 Nov 2026, against 64.7k when said.

If this, then that

• If Bitcoin closes above 65,400 (the lower end of upper band one), then no target given (next days): if Bitcoin closed above there, I would be looking for the next stand up at least to these red dots right here, and perhaps even all the way up to the top end of upper band one, which is 68,600. ▶ 04:52

Levels named

• 68.6k: Target (top end of upper band one): perhaps even all the way up to the top end of upper band one, which is 68,600. ▶ 04:56
• 67k: Target (red dots in upper band one on the Reven Ribbons): these red dots in upper band number one. That is about 67,000 bucks. ▶ 04:38
• 65.5k: Target (corrective move to the green 55 EMA after the 5/21 EMA cross): technically speaking, that target is still a little bit higher at 65,500. So, I do think Bitcoin will hit around there, ▶ 05:30
• 65.4k: Resistance (lower end of upper band one on the Reven Ribbons): you can even see on the lower end of upper band number one, which is 65,400, which Bitcoin's kind of perfectly worked off for this morning. ▶ 04:44
• 64.4k: Resistance (top boundary of the current range on a CME closing basis; gateway to higher prices): big, big, big, big, big focus on 64,400. That is the gateway to higher prices overall. ▶ 09:02
• 59k: Support (short put strike that expires next Friday; Bitcoin needs to stay above it for max profit): All I need to do, or all Bitcoin needs to do, is remain above 59,000 bucks for me to pull in the maximum profit of, let me just put it up right here, 17,000 bucks. ▶ 16:07

Their own position: Short. still just holding short put positions, which are looking pretty pretty nice right now.

Dates named

• June CPI print on 14 Jul 2026: June CPI, of course, didn't just cool. It absolutely dropped off a cliff, in fact, with a negative 0.4% month-over-month print