$BTC

Recently, Bitcoin has experienced a correction of about 7% since reaching an all-time high of $111,880 in mid-May, primarily influenced by technical adjustments and macroeconomic uncertainties caused by the U.S. reinstating some tariffs.

Although there has been some profit-taking in the short term, the overall trend remains upward. Market observers point out that if Bitcoin can stabilize above $105,000, it may challenge the resistance level of $112,000 again.

Additionally, the continuous inflow of institutional funds, the integration of artificial intelligence and blockchain technology, and the influence of the Federal Reserve's monetary policy are key factors driving the rise in Bitcoin prices.

Overall, Bitcoin is currently in a critical technical position, and investors should closely monitor market dynamics, especially macroeconomic data and the movements of large investors, to make informed investment decisions.