Odaily Planet Daily News - CryptoQuant analyst Axel Adler Jr stated, "Although the price of Bitcoin briefly pulled back to $103,000–$104,000, the fundamentals remain bullish: exchange reserves continue to decrease, corporate purchases continue to pressure supply, while long-term holders continue to accumulate, forming a 'buffer' under the market. Meanwhile, the macro situation presents mixed signals: the slowdown in PCE inflation has alleviated some of the Federal Reserve's policy pressures, but tariff uncertainties and rising yields have reinforced a 'risk-averse' atmosphere, suppressing the market's willingness to grow. The benchmark scenario for next week suggests that the Bitcoin price will consolidate between $103,000 and $110,000 until new driving factors emerge. If trading volume increases and momentum breaks 20%, accompanied by a breakthrough of $110,000, it will confirm that the market is preparing to test the $115,000–$120,000 range. Conversely, if net fund inflow turns positive and the price falls below $100,000, it may indicate a deeper correction."

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