BTC stubbornly holds near $64000, but panic index drops to 29: long and short are waiting for CPI?

BTC is still fluctuating around $64000, with short-term volatility narrowing. At the same time, the Fear and Greed Index dropped to 29, and the market entered the Fear range. It is worth noting that the sentiment continues to weaken, but BTC has not effectively fallen below $64000, and the price performance deviates from market sentiment. This week's macro data is intensive: the US July CPI will be released on August 12th, and PPI will take over on August 13th. Inflation data will further affect the market's judgment of the Federal Reserve's interest rate path and may also break the current volatile pattern. Short term focus on two positions: 64500 US dollars - break through in volume and stabilize, focus on whether the rebound can continue. 63800 US dollars - effectively falling below, alert to further retracement around 62000 US dollars. Before the data was released, BTC was still oscillating within a critical range. Next, we will focus on which side of $64500 or $63800 will be broken through first after the announcement of CPI/PPI. Risk Warning: The views, conclusions, and recommendations presented in this article are for reference only and do not constitute investment advice. The market is risky, and investment needs to be cautious.