The long-term bullish stance remains unchanged, but do you want to get excited in the short term? You need to first break above $104,800!

On June 7, CryptoQuant stated: Bitcoin is still in a long-term bullish trajectory, and the fundamentals are solid, the direction is still upwards.

However—if you want to reactivate the short-term rhythm, we need to look at a key level: $104.8K.

Only by breaking through and stabilizing at this level can we expect a new round of upward momentum in the short term.

Long-term faith should not be shaken, but for the short-term rhythm to warm up, we need to overcome the hurdle of $10.48K first. Do you think this wave can break through?

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