6.8 Bitcoin repeatedly rises and falls, will the uptrend end? Where is the peak?
Bitcoin🫓 has been fluctuating recently but with low turnover, indicating that most investors are not very interested in price volatility.
Support at 93000-98000 is solid, with the 100000-105000 area primarily consisting of short-term chips.
Although it nearly fell below 100k on Thursday due to events, the sell-off was limited, and the outflow from institutions was relatively small.
On Friday, Ethereum maintained a net inflow, and the flow of spot ETF funds had a weak impact on prices. Overall market sentiment remains cautious.
Trading suggestions:
Bitcoin 105800-106300 range, target around 102000-100000. Defense at 107000.
Ethereum 2520-2560 range, target around 2400-2300. Defense at 2610.
