6.10 Bitcoin Strategy
The price of Bitcoin has slightly retreated in the past 24 hours, showing a short-term correction trend. Previously, Bitcoin broke through 110,000, approaching the historical high (ATH) of May, but is currently in a slight pullback phase.
Market dynamics include uncertainty in trade negotiations between the U.S. and China, market sentiment fluctuations triggered by Trump's policies, and an overall profit-taking trend in the cryptocurrency market.
Bitcoin's current RSI is about 54.78, within the neutral range of 30-70, indicating that the market is neither too hot nor too cold, and may continue to consolidate in the short term.
Technical indicators show a neutral to slightly bullish sentiment; market sentiment is optimistic but caution is advised due to profit-taking pressure.
In the long term, institutional adoption, limited supply, and a rebound in global liquidity support BTC price upwards, potentially breaking 150,000 by the end of 2025.
Direction
If BTC breaks through the resistance level of 108,000-110,000 and holds, it may challenge 112,000 or even 120,000, driven by ETF inflows and institutional FOMO (fear of missing out).
If it falls below the support level of 104,000-105,000, it may further test 100,000 or 95,000, especially if market sentiment weakens or macroeconomic uncertainty increases.
