BTC: As of June 4, 2025, the current price of BTC is $105,300; yesterday's closing pattern was a 'spinning top', indicating intense competition between bulls and bears, but the trading volume was relatively average, with short-term bears in the dominant position.

On-chain data shows that the U.S. spot Bitcoin ETF had a net inflow of 3,545 coins yesterday, valued at $375 million, indicating a recovery in institutional confidence! Although the turnover rate has increased recently, and there were large transfers of 230,000 BTC, this is just routine organization by platform wallets, with limited impact on price.

On the macro level, Trump recently raised steel tariffs and is scheduled to implement 'reciprocal tariffs' on July 8. Coupled with the unemployment and wage data to be released on Friday, market uncertainty is increasing, and close attention should be paid to the Federal Reserve's policy direction.

Overall, if Bitcoin rebounds above $108,500, it may signal the beginning of a larger adjustment. Smaller divergences often lead larger trends, but the transmission takes time. Current signals indicate that Bitcoin may enter a phase of topping range, but accurately predicting the top price is difficult. Most signals lean towards the left side; in a low liquidity environment, sudden events may change market paths. The $93,000 to $98,000 range serves as solid support.

Long-term entry points: $88,800-$89,100 range; $82,500-$82,800 range;

Position allocation advice: Long-term BTC should account for 50% of total positions;

The information and data in this content are sourced from publicly available materials, aiming for accuracy and reliability, but no guarantees are made regarding the accuracy and completeness of the information. This content does not constitute investment advice; any investment based on it is at your own risk.